Posts by admin

freeze-out merger.See cash merger under MERGER. FREIGHT freight. 1. Goods transported by water, land, or air; CARGO. 2. The compensation paid to a carrier for transporting goods. [Cases: Carriers 189; Shipping 144. C.J.S. Aeronautics and Aerospace § 231; Carriers §§ 470–472, 474; Shipping § 368.] “Freight, in the common acceptation of the term, means the…

freeze out,vb. 1. To subject one to a freeze-out. 2. To exclude a business competitor <freezing out the competition>.[Blacks Law 8th]

freeze-out,n. Corporations. The process, usu. in a closely held corporation, by which the majority shareholders or the board of directors oppresses minority shareholders in an effort to compel them to liquidate their investment on terms favorable to the controlling shareholders. Cf. SQUEEZE-OUT T. [Cases: Corporations 182.3, 584; Securities Regulation 60.21. C.J.S. Corporations §§ 344, 799–801;…

freezee,n. A person or entity subjected to a freeze-out.[Blacks Law 8th]

freeze,n.1. A period when the government restricts or immobilizes certain commercial activity. credit freeze.A period when the government restricts bank-lending. wage-and-price freeze.A period when the government forbids the increase of wages and prices. A recapitalization of a closed corporation so that the value of its existing capital is concentrated primarily in preferred stock rather than…

free warren.See WARREN.[Blacks Law 8th]

freeware. Software, esp. open-source code, that is made generally available with express or implicit permission for anyone to use, copy, modify, and distribute for any purpose, including financial gain. • The term “free” refers to usage rights rather than price — a distinction important in two respects. First, a user may purchase the initial copy…

free-trade zone.A duty-free area within a country to promote commerce, esp. transshipment and processing, without entering into the country’s market. — Also termed foreign trade zone; free port.[Blacks Law 8th]

free trade,n. The open and unrestricted import and export of goods without barriers, such as quotas or tariffs, other than those charged only as a revenue source, as opposed to those designed to protect domestic businesses. Cf. protective tariff under TARIFF(2).[Blacks Law 8th]

Freestone rider.See PUGH CLAUSE.[Blacks Law 8th]