MARITIME INTEREST
maritime interest.Interest charged on a loan secured by a sea vessel or its cargo, or both. • Because of the lender’s considerable risk, the interest rate may be extraordinarily high. — Also termed marine interest.
[Blacks Law 8th]
maritime interest.Interest charged on a loan secured by a sea vessel or its cargo, or both. • Because of the lender’s considerable risk, the interest rate may be extraordinarily high. — Also termed marine interest.
[Blacks Law 8th]