The understanding that nonterritorial waters are open to all nations and people for fishing, laying of submarine cable or pipeline, navigation , overflight, scientific research , and so on. In […]

The practice of liberal salvage, product reuse, bartering, and making products by hand. It is a lifestyle encouraging minimal consumption and little use of a capitalist economy.

An estate in land or other real property , of uncertain duration; that is,either of inheritance or which may possibly last for the life of the tenant at the least, […]

An estate retained indefinitely as rightful owner. Contrast to leasehold estate , which holds an estate for a limited period only with terms and conditions that are very specific. Also […]

Real property retained as owner, but by fee.

Self-employed , contract work for one or more companies. Person is able to select the work and the company to work for. Also, unfettered submittal of work to many potential […]

Another name for freely negotiable letter of credit .

An L/C marked ‘freely negotiable ‘. No single bank binds the holder to negotiations . Any bank can be select for this.

This word has had various meanings at different stages of history. In theRoman law, it denoted one who was either born free or emancipated, and was the opposite of “slave.” […]

A consumer gets basic services for free and premium services are paid for. One example is cable services. Basic is typically free, but the consumer pays for all premium channels. […]

Operated by volunteers and funded by sponsoring organizations, this is typically a community-based electronic bulleting board system (BBS) type of network providing basic email and internet access.

Typically free-to-consumer reply-mail that a company pays for as an incentive to the consumer to reply. Postage plus a fee for each piece of mail received is the obligation of […]

Having no support, affiliation , or stated dependence .

No-cost software, free for download distribution . Typically has no manual, warranty, or upgrade option. Often can be freely redistributed without any charge or fee, but, its copyright remains with […]

Specific actions, processing, provisions, rates, rights, or rules are stopped for a limited time period .

Leaving specific people or members out of decisions, or unable to make progress on work, or away from worthwhile information . Typically done by controlling or majority members of an […]

The process of persuading MINORITY INTERESTS of a target company to sell their shares after a TENDER OFFER has been made. The intent behind the freezeout is for the acquiring […]

Corporate charter provision allowing a company to acquire noncontrolling stockholder shares at fair market value for a set time period . Two and five years is the typical time period.

Preserving food with cold to deactivate existing microorganisms in the food without killing them. A preservation method of flash-freezing.

Transitioning temperature point where liquid turns solid. Each liquid compound and element has a unique point. For example, at normal atmospheric pressure that point for pure water is 0

Freight is properly the price or compensation paid for the transportationof goods by a carrier, at sea, from port to port. Rut the term is also used to denote thehire […]

Shipping industry term. Tariff class when paying one freight rate of a pooled collection of different goods for shipping. Also known as a consolidated shipment .

A way to project the total freight moved yearly over a collective or specific roads.

Shipment charges applied to a carrier’s invoice. Known also as freight invoice.

Carriage contract of shipper and freight-forwarder as a Non-negotiable B/L.