deferred rebate
Defined in 1 place of the United States Code.
Deferred rebate.—The term “deferred rebate” means a return by a common carrier of any freight money to a shipper, where the return is—
(A) consideration for the shipper giving all or any portion of its shipments to that or any other common carrier over a fixed period of time;
(B) deferred beyond the completion of the service for which it was paid; and
(C) made only if the shipper has agreed to make a further shipment with that or any other common carrier.
Source
- 2006–present46 U.S.C. § 40102Shipping · Definitions · in this part