Deferred Rebate Law and Legal Definition

According to 46 USCS § 40102, 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.”