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" The loan or debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor exacts a premium, the amount of which depends on the nature of the adventure. If the ship... "
Library of Universal Knowledge - Page 243
1879
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Chambers's Encyclopædia: A Dictionary of Universal Knowledge, Volume 2

1868 - 872 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...interest at the rate agreed upon. These contracts, when made by the owner to raise money for the outfit of the vessel, are preferable according to the...
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Chambers's Encyclopaedia: A Dictionary of Universal Knowledge for ..., Volume 2

1868 - 858 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...if she returns safely, he recovers his principal, in Aether with interest at the rate agreed upon. These contracts, when made by the owner to raise money...
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Chambers's Encyclopædia: A Dictionary of Universal Knowledge for ..., Volume 2

Ephraim Chambers - 1870 - 850 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor,...his money ; but if she returns safely, he recovers hia principal, together with interest at the rate agreed upon. These contracts, when made by the owner...
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An Introduction to the Final Examination: Being a Collection of ..., Volume 1

Henry Foulks Lynch - 1874 - 462 pages
...her keel or bottom is pledged (partem pro toto), as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but, if she return safely, he recovers his principal and interest. i ibel or slander. Can his executors maintain...
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Chambers's Encyclopædia: A Dictionary of Universal Knowledge for ..., Volume 2

1876 - 852 pages
...debt is repayable only in the event of the ship's safe arrival at the port or destination ; and in consideration of this risk, the lender or creditor...order of date ; but inversely, the latest is preferred to the preceding, because it is presumed that the last loan saved the ship, and in all cases necessity...
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The Students' Pocket Law-lexicon; Or, Dictionary of Jurisprudence ...

Henry Gilbert Rawson - 1882 - 276 pages
...her keel or bottom is pledged (partem pro fofo) as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money ; but if she return safely, he recovers his principal, together with the interest agreed upon. Bound-bailiffs, officers...
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Wharton's Law-lexicon: Forming an Epitome of the Law of England; and ...

John Jane Smith Wharton - 1883 - 908 pages
...lier keel or bottom is pledged (partem pro tota) asa security for the repayment of a MUU of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovei-s his principal, together with the interest agreed upon. Such tonds are allowed...
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The Pocket Law-lexicon, Explaining Technical Words, Phrases, and Maxims of ...

Henry Gilbert Rawson - 1884 - 362 pages
...by which she and her freight or cargo are pledged as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovers his principal, together with the interest agreed upon, which is at a high...
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Chambers's Encyclopaedia: A Dictionary of Universal Knowledge, Volume 2

1888 - 848 pages
...debt is repayable only in the event of the ship's safe arrival at the port of destination ; and in consideration of this risk, the lender or creditor...the ship be totally lost, the lender loses his money ; hut if she returns safely, he recovers hi* principal, together with interest at the rate agreed upon....
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The Student's Law Lexicon: A Dictionary of Legal Words and Phrases : with ...

William Cox Cochran - 1888 - 352 pages
...hy which she and her freight or cargo are pledged as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she return safely, he recovers his principal, together with the interest agreed upon, which is at a high...
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