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tariff definition - legal

n

  1. Term is most frequently used to refer to a customs duty imposed on imported and exported merchandise. See also customs.
  2. A public document that enumerates the services offered by a public utility or carrier (freight company), along with the rates charged for those services.
Gatt (General Agreement on Tariffs and Trade)
The 1977 international agreement, signed by all of the major industrial nations and most other nations of the world, the purpose of which was to promote expansion of trade by eliminating tariffs and other trade impediments and by establishing certain regulations promoting fairness. It has since been superseded by the establishment of the World Trade Organization.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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