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Simple English definitions for legal terms

usura maritima

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A quick definition of usura maritima:

Term: Usura Maritima

Definition: Usura maritima is a type of interest charged on a loan taken out for maritime purposes, such as the purchase of a ship or cargo. This interest is not restricted by usury laws and is proportionate to the risk involved in the loan.

A more thorough explanation:

Usura maritima is a Latin term that refers to the interest charged on a bottomry or respondentia bond. This interest is proportioned to the risk involved and is not restricted by usury laws.

For example, if a ship owner takes out a loan to repair their vessel, they may offer a bottomry bond as collateral. The lender would then charge interest on the loan, which would be proportionate to the risk involved in lending money for the repair of the ship. This interest would be considered usura maritima and would not be subject to usury laws.

Another example would be a respondentia bond, which is a type of loan secured by the cargo of a ship. The interest charged on this type of loan would also be considered usura maritima.

Usura maritima is a term used in maritime law to describe the interest charged on loans that are secured by a ship or its cargo. The interest charged is based on the risk involved in lending money for these purposes and is not subject to usury laws, which typically limit the amount of interest that can be charged on a loan. This allows lenders to charge higher interest rates on these types of loans, which helps to offset the risk involved in lending money for maritime purposes.

usura manifesta | usurarius

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Mr. Bad Fumbla
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Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
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