FREEZE-OUT MERGER

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 price for the actual transportation

of goods by sea from one place to another; but, in its more extensive sense, it is applied to all

rewards or compensation paid for the use of ships, including the transportation of passengers.” 3

James Kent, Commentaries on American Law *219 (George Comstock ed., 11th ed. 1866).

dead freight.The amount paid by a shipper to a shipowner for the ship’s unused cargo space.

[Cases: Shipping 147. C.J.S. Shipping §§ 369–370.][Blacks Law 8th]