Eastman formula

Eastman formula
A formula, said to have been suggested to Congress by Commissioner Eastman of the Interstate Commerce Commission, that fixed charges, under a plan for the reorganization of a railroad, should not exceed eighty per cent of the net available for interest in the three worst years of the last ten. Denver & R. G. W. R. Co. (DC Colo) 38 F Supp 106.

Ballentine's law dictionary. . 1998.

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