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NAUTICUM FCNUS

Categories: Contracts

Definition (1910 Edition)

Origin: Civil Law

Lat. In the civil law. Nautical or maritime interest; an extraordinary rate of interest agreed to be paid for the loan of money on the hazard of a voyage; corresponding to interest on contracts of bottomry or respondentia in English anA American maritime law. See Mackeld. Rom.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.