agreed rate

noun

: an especially low rate granted by a carrier to a shipper in return for the allocation of a high proportion of the shipper's freight to that carrier

Word History

First Known Use

1793, in the meaning defined above

Time Traveler
The first known use of agreed rate was in 1793

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Dictionary Entries Near agreed rate

agreed case

agreed rate

agreed valuation

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Cite this Entry

“Agreed rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/agreed%20rate. Accessed 5 Dec. 2023.

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