dead freight
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noun Commerce.
an amount owed by a contractor who charters space in a ship but fails to occupy it fully.
the unoccupied space of such a ship.
heavy or unwieldy nonperishable freight.
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for dead freight
Historical Examples of dead freight
The merchant will also be liable in damages—known as dead-freight—if he fails to furnish the full cargo promised.