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Headword: Ναυτικῶς δανείζειν
Adler number: nu,82
Translated headword: to make maritime loans
Vetting Status: high
Translation:
"They say that Zeno had more than 1000 talents when he came to Greece[1] and that he made maritime loans [with it]."
Greek Original:
Ναυτικῶς δανείζειν: φασὶ Ζήνωνα ὑπὲρ #22α# τάλαντα ἔχοντα ἐλθεῖν εἰς τὴν Ἑλλάδα καὶ ταῦτα δανείζειν ναυτικῶς.
Notes:
From Diogenes Laertius 7.13. For Zeno of Citium, founder of Stoicism see generally zeta 79. On maritime (a.k.a. bottomry) loans -- money risked on the voyages of merchant ships, at a high rate of interest which reflected the low likelihood of their reaching their destination -- see e.g. Isager and Hansen, pp.74-84; Millett, chap.8; Cohen, index s.v.
[1] Sc. from his native Cyprus.
References:
E.E. Cohen, Athenian Economy and Society: a banking perspective (Princeton 1992).
S. Isager and M.H. Hansen, Aspects of Athenian Society in the Fourth Century BC (Odense 1975).
P. Millett, Lending and Borrowing in Ancient Athens (Cambridge 1991).
Keywords: biography; daily life; economics; geography; law; philosophy; rhetoric
Translated by: David Whitehead on 1 October 2001@03:06:38.
Vetted by:
William Hutton (cosmetics, added keyword, set status) on 5 November 2003@11:57:48.
David Whitehead (cosmetics) on 6 November 2003@03:11:36.
David Whitehead (another keyword) on 28 November 2005@09:01:34.
David Whitehead on 5 June 2013@04:31:53.

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