contraband

contraband definition - business

contraband

Goods legally forbidden for import, export, or ownership. For example, a large amount of cigarettes purchased in a low-tax state like Kentucky for illegal delivery to a high-tax state like New York.

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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