A metered vehicle is a type of transportation that charges customers based on the distance traveled. The most common examples of metered vehicles are cabs, taxis, and taxicabs. Cabs are typically small cars that can be hailed from the street or called for a pickup. Taxis are similar to cabs but are usually larger and can be found at designated TAXI stands. Taxicabs are a combination of both cabs and taxis, offering the convenience of hailing from the street as well as the availability of designated TAXI stands.