Quote:
Originally Posted by Anthony
In effect, venture capital -- rather than making a loan, you buy shares, possibly with an agreement that they can be bought back later. That's actually a more likely model for spaceship financing than a bank loan anyway, at least for PCs.
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The ancient Athenians had a legal distinction between "land loans" and "sea loans." The former charged interest by the interval of time. The latter did not; they assigned a fixed amount of interest for the duration of a voyage. This might be something that lenders would consider for spaceships, if there were a loan market.