bonded warehouse

bonded warehouse definition - business

bonded warehouse

A warehouse where goods subject to duties are stored until the appropriate duties are paid. For example, importers may store imported goods in bonded warehouses until buyers are located and funds to pay duties are available.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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