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]