When the Release of Railroad Equipment Is Detained by a Shipper

question 29

True/False

When the release of railroad equipment is detained by a shipper a detention charge may apply.

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Definitions:

Nonnegotiable

Something that cannot be bargained or altered; absolute or not subject to change.

Payment Schedule

A detailed plan outlining when and how financial payments are to be made.

Security Agreement

An agreement that creates or provides for a security interest between the debtor and a secured party.

Nonnegotiable

An item or condition that cannot be altered or discussed for change.