Definition of Freight
The price or compensation paid for the transportation of goods by a carrier. Name also applied to goods transported by such carriers. See also Freight rate.
Dead freight. Money payable by a person who has chartered a ship and only partly loaded her, in respect of the loss of freight caused to the ship-owner by the deficiency of cargo.
That's the definition of Freight in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.