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Nautica Pecunia

Defined in 1 dictionary — Bouvier (1914)

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

A loan to a shipowner, to be repaid only upon the successful termination of the voyage, and therefore allowed to be made at an extraordinary rale of interest ( nauticum foenus). Holland, Jurispr. 250. See Tbajectitia Pecunia.