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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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no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
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he has since moved
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@SplitterusClitterus: me yesterday
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
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@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
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haha my brother and sister in law live there
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soyalmondoatmilk
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good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
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It could just be a baseball reference I don’t get though lol
Dkk
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@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
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Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
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That one is a masterpiece
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My favorite song by them is Recreation
glovediedthisishismom
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snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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