ˌrēˌspänˈdench(ē)ə noun
( -s )
Etymology: New Latin, from Latin respondent-, respondens + -ia -y; from the fact that it is only a personal obligation on the borrower who is bound to answer the contract
: a loan upon goods laden on a ship conditioned to be repaid with maritime interest only in the event of the safe arrival of some part of the goods — compare bottomry