ton mile
ton mile. In transportation, a measure equal to the transportation of one ton of freight one mile.
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absorption
absorption, n. 1. The act or process of including or incorporating a thing into something else; esp., the application of rights guaranteed by the U.S. Constitution to actions by the states. 2. Int’l law. The merger of one nation into another, whether voluntarily or by subjugation. 3. Labor law. In a postmerger collective-bargaining agreement, a
hypothec
hypothec (hI-poth-ek or hi-).Civil law. A mortgage given to a creditor on property to secure a debt; HYPOTHECA. landlord’s hypothec. Scots law. The lessor’s right of security for rent in articles, furniture, and equipment (other than tools of the tenant’s trade) that the tenant brought onto the leased premises. • Unlike the English remedy of
nolissement
nolissement (n[schwa]-lis-mahn), n. [French] French law. The chartering of a ship; AFFREIGHTMENT.
multimodal shipping
multimodal shipping. The transportation of freight using more means of carriage and usu. more than one carrier. • For example, a cargo may be carried first by air or sea, then by rail or truck to its destination. — Also termed intermodal transport; multimodal carriage.
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common carrier
A commercial enterprise that holds itself out to the public as offering to transport freight or passengers for a fee. • A common carrier is generally required by law to transport freight or passengers or freight, without refusal, if the approved fare or charge is paid. — Also termed public carrier. [Cases: Carriers 4.]
FOB destination
A mercantile term denoting that the seller is required to pay the freight charges as far as the buyer’s named destination. [Cases: Sales 79. C.J.S. Sales § 168.]
small business concern
small-business concern. A business qualifying for an exemption from freight undercharges because it is independently owned and operated and is not dominant in its field of operation, with limited numbers of employees and business volume. 15 USCA § 632. — Often shortened to small business. [Cases: Carriers 189; Commerce 85.33. C.J.S. Aeronautics and Aerospace §
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