loan on ship's cargo payable on safe arrival
• (n.) A loan upon goods laden on board a ship. It differs from bottomry, which is a loan on the ship itself.
(from the article `bottomry`) ...that if the ship be lost in the specified voyage or period, by any of the perils enumerated, the lender shall lose his money. A similar contract ...
Re`spon·den'ti·a noun [ New Latin See Respondence .] (Commercial Law) A loan upon goods laden on board a ship. It differs from bottomry , which is a loan on the ship itself. Bouvier.