respondentia

noun

re·​spon·​den·​tia

ˌrē-ˌspän-ˈden-chē-ə

: a loan secured by the goods on one's ship compare bottomry

Word History

Etymology

New Latin, from Latin respondent-, respondens, present participle of respondere to answer, correspond; from the fact that the loan is only a personal obligation on the part of the borrower who must “answer” for the money