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.