NAUTICUM FENUS

nauticum fenus (naw-ti-k[schwa]m fee-n[schwa]s), n. [Greek nautikon “nautical” + Latin fenus “interest”] Roman & civil law. A loan to finance the transport of goods by sea; specif., a loan on bottomry made to a transporter of merchandise by ship. • The loan is subject to an extremely high rate of interest because it does not […]