confiscatory rates
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 270 U.S. 587 - Smith v. Illinois Bell Telephone Co. · 1926Most cited · 407 citing opinions
Property may be as effectively taken by long-continued and unreasonable delay in putting an end to confiscatory rates as by an express affirmance of them; and where, in that respect, such a state of facts is disclosed as we have here, the injured public service company is not required indefinitely to await a decision of the rate-making tribunal before applying to a federal court for equitable relief.