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LSDefine

Simple English definitions for legal terms

freight

Read a random definition: AL

A quick definition of freight:

Freight: Freight refers to the goods that are transported by water, land, or air. It can be anything from food to clothes to toys. When someone wants to move their goods from one place to another, they pay a carrier to transport it for them. This payment is called freight.

A more thorough explanation:

Definition: Freight refers to goods that are transported by water, land, or air. It can also refer to the compensation paid to a carrier for transporting these goods.

Examples:

  • A truck carrying a load of furniture from a warehouse to a store is transporting freight.
  • A cargo ship carrying containers of electronics from China to the United States is transporting freight.
  • An airplane carrying packages from an online retailer to customers around the world is transporting freight.

These examples illustrate how freight can refer to any type of goods that are being transported from one place to another. The carrier, whether it's a trucking company, shipping line, or airline, is compensated for their services based on the weight, distance, and other factors involved in transporting the freight.

freeze-out merger | freight absorption

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