SMALL-BUSINESS CONCERN

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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