agreed rate

noun

Definition of agreed rate

: 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

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First Known Use of agreed rate

1793, in the meaning defined above

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Time Traveler for agreed rate

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The first known use of agreed rate was in 1793

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Cite this Entry

“Agreed rate.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/agreed%20rate. Accessed 12 December 2019.

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