Law Dictionary Definitions

frenchman.Hist. A stranger; a foreigner. • In early English law, this term was applied to all foreigners, even those not from France.[Blacks Law 8th]

freight rate.See RATE.[Blacks Law 8th]

freighting voyage.See VOYAGE.[Blacks Law 8th]

freight forwarder.Maritime law. A person or company whose business is to receive and ship goods for others. • A freight forwarder may be an agent of the cargo’s owner or of the carrier, or may be an independent contractor acting as a principal and assuming the carrier’s responsibility for delivering the cargo. — Also termed…

freight absorption.See ABSORPTION(5).[Blacks Law 8th]

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…