pecunia trajectitia

pecunia trajectitia
/pakyuwn(i)ya trsejektish(iy)a/
In the civil law, a loan in money, or in wares which the debtor purchases with the money to be sent by sea, and whereby the creditor, according to the contract, assumes the risk of the loss from the day of the departure of the vessel until the day of her arrival at her port of destination. Interest does not necessarily arise from this loan, but when it is stipulated for, it is termed "nauticum foenus" (maritime interest), and, because of the risk which the creditor assumes, he is permitted to receive a higher interest than usual

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • pecunia trajectitia — (Civil law.) Money which was carried across (the sea); a loan in money or in wares which the debtor purchased with the money to be sent by sea, and whereby the creditor assumed the risk of loss from the day of the departure of the vessel until… …   Ballentine's law dictionary

  • Trajectitĭa pecunĭa — (lat.), Capital, welches der Gläubiger auf seine Gefahr über See geliehen hat …   Pierer's Universal-Lexikon

  • trajectitia pecunia — /traejektish(iy)a pakyiiwn(i)ya/ A loan to a shipper to be repaid only in case of a successful voyage. The lender could charge an extraordinary rate of interest, nauticum faenus …   Black's law dictionary

  • Foenus — Foenus, Zins. F.nauticum, Zins, welcher für ein auf des Gläubigers Gefahr über Meer gehendes Kapital (trajectitia pecunia) zu zahlen ist und 12 Procent betragen darf …   Herders Conversations-Lexikon

  • Traject — Traject, lat. deutsch, Ueberfahrt; trajiciren, überfahren, übersetzen; trajectitia pecunia, übers Meer angeliehenes Capital, wobei der Gläubiger die Seegefahr trägt und dagegen bis 12% Zins (nauticum foenus) bezieht …   Herders Conversations-Lexikon

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