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Simple English definitions for legal terms

maritime interest

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A quick definition of maritime interest:

Maritime interest refers to the interest charged on a loan that is secured by a ship or its cargo. This means that if the borrower is unable to repay the loan, the lender can take possession of the ship or its cargo to recover their money. Because this type of loan is considered risky, the interest rate charged can be very high.

A more thorough explanation:

MARITIME INTEREST

Maritime interest refers to the interest charged on a loan that is secured by a sea vessel or its cargo, or both. Due to the high risk involved in lending money for such purposes, the interest rate charged on such loans is usually very high.

For instance, if a shipping company takes a loan to purchase a cargo ship, the lender may charge maritime interest on the loan. Similarly, if a company borrows money to transport goods via sea, the lender may charge maritime interest on the loan.

Another example could be a fisherman who takes a loan to buy a new boat. The lender may charge maritime interest on the loan as the boat is used for fishing in the sea, which is considered a high-risk activity.

The examples illustrate how maritime interest is charged on loans that are secured by sea vessels or their cargo. The lenders charge high-interest rates due to the high risk involved in lending money for such purposes. The borrowers, in turn, have to pay a higher amount of interest on the loan as compared to other types of loans.

maritime flavor | maritime jurisdiction

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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