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Railroad Secret Rebates Definition
Railroad Secret Rebates Definition -
Secret rebate is a form of illegal kickback that breaks unfair competition laws in most states They can occur in the form of rebates discounts or other special benefits
What s the difference between these rebates and the rebates used by the railroad industry Simply put these rebates are available to all customers They re not kept as a secret and they re not being wielded as a weapon
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Special discounts rebates off the railroads open published rates and drawbacks or refunds of a portion of the higher tariffs other shippers paid The claim of
A more thorough explanation Definition A secret rebate is a type of illegal kickback that violates unfair competition laws in most states It involves offering special benefits
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Why Are Rebates And Rebate Management Important For Manufacturers And
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Why Are Rebates And Rebate Management Important For Manufacturers And
While we re familiar with rebates as a way to get lower prices on everyday products rebates have a long history and were even once used by railroads as a form
In short the claim is that the rebates and drawbacks were cost justified The cost justification claim has gained momentum in the past few decades particularly with its
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What s the difference between these rebates and the rebates used by the railroad industry Simply put these rebates are available to all customers They re not kept as a secret and they re not being wielded as a weapon
https://en.wikipedia.org/wiki/Elkins_Act
The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887 The Act authorized the Interstate Commerce Commission ICC to impose heavy fines on railroads that offered rebates and upon the shippers that accepted these rebates The railroad companies were not permitted to offer rebates Railroad corporations their officers and their employees were all made liable for discriminatory practices
What s the difference between these rebates and the rebates used by the railroad industry Simply put these rebates are available to all customers They re not kept as a secret and they re not being wielded as a weapon
The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887 The Act authorized the Interstate Commerce Commission ICC to impose heavy fines on railroads that offered rebates and upon the shippers that accepted these rebates The railroad companies were not permitted to offer rebates Railroad corporations their officers and their employees were all made liable for discriminatory practices
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