"Respondentia" Example Sentences
1. The respondentia agreement allowed the merchant to secure a loan with the ship as collateral.
2. The underwriters provided respondentia bonds to cover the cost of the voyage.
3. The bank provided respondentia financing to the ship owner to fund the repairs.
4. Under the respondentia arrangement, the lender was entitled to a share of the profits.
5. The respondentia bondholder had a vested interest in the safe arrival of the ship.
6. The respondentia system provided a means for ship owners to raise capital quickly.
7. The respondentia loan was secured by a lien on the ship’s cargo.
8. In order to receive the respondentia loan, the ship must reach its destination in a timely manner.
9. The terms of the respondentia contract stated that the lender was entitled to 70% of the profits.
10. The respondentia agreement allowed the captain to raise money for the ship’s expenses.
11. The respondentia system was widely used in the 19th century by ship owners and merchants.
12. The respondentia arrangement provided a way for ship owners to bear the risks of the voyage.
13. The respondentia bond was a form of insurance against potential losses.
14. The respondentia loan was typically short-term, with repayment due upon the ship’s safe return.
15. The respondentia bondholder was entitled to a share of the salvage value if the ship was lost at sea.
16. The respondentia system allowed ship owners to finance multiple voyages using the same ship as collateral.
17. The respondentia contract specified the terms of the loan, including the interest rate and repayment schedule.
18. The respondentia agreement was commonly used for high-risk voyages, such as those to new trade routes.
19. The respondentia bond was often issued by a group of underwriters to spread the risk among multiple parties.
20. The respondentia loan gave the ship owner the flexibility to invest in their business without selling their assets.
21. The respondentia system was used throughout Europe and the Americas until the mid-19th century.
22. Under the respondentia contract, the lender assumed all risks associated with the voyage.
23. The respondentia agreement allowed the lender to share in the profits generated by the voyage.
24. The respondentia bondholder could sell their stake in the loan to another party if they wished.
25. The respondentia system was beneficial for both ship owners and lenders, as it allowed for quick and efficient financing.
26. The respondentia loan protected the lender from losses due to piracy, theft, or damage to the cargo.
27. The respondentia contract was often drawn up by lawyers to ensure that all parties understood the terms.
28. The respondentia bond was considered a safe investment, as it was backed by the value of the ship and cargo.
29. The respondentia system fell out of favor as more traditional forms of financing became available.
30. The respondentia loan was one of several methods used by ship owners to raise capital in the 19th century.
Common Phases
1. The lender requested
respondentia to secure the loan;
2.
Respondentia was established on the ship's cargo as collateral;
3. The terms of the loan were outlined in the
respondentia agreement;
4. The
respondentia bond was held by a third-party holder for safekeeping;
5. The shipowner agreed to the terms of the
respondentia contract.