Respondentia

The hypothecation of the cargo or goods on baard a ship as security for the repayment of a loan, the term "bottomry" being confined to hypothecations of the ship herself; but now the term "respondentia" is seldom used, and the expression "bottomry" is generally employed, whether the vessel or her cargo or both be the security.

Maude & P. Shipp. 433; Smith, Mere, Law, 416. See Maitland v. The Atlantic, 16 Fed. Cas. 522.

Respondentia is a contract by which a cargo, or some part thereof, is hypothecated as security for a loan, the repayment of which is dependent on maritime risks.

Civ. Code Cal. § 3036; Civ. Code Dak. § 1796.