Legal Definitions - traffic balance

Definition: Traffic balance refers to the balance of money collected for transporting passengers and freight.

Example: If a transportation company collects $10,000 for transporting passengers and $15,000 for transporting freight, the traffic balance would be $25,000.

Explanation: The example illustrates how traffic balance is calculated by adding up the money collected for transporting passengers and freight. It is important for transportation companies to maintain a traffic balance to ensure that they are collecting enough money to cover their expenses and make a profit.