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tariff Definition

tar·iff (tar′if)

noun

  1. a list or system of taxes placed by a government upon exports or, esp., imports
  2. a tax of this kind, or its rate
  3. any list or scale of prices, charges, etc.
  4. ☆ Informal any bill, charge, fare, etc.

Etymology: It tariffa < Ar taʿrīf, information, explanation < ʼarafa, to know, inform

transitive verb

  1. to make a schedule of tariffs on; set a tariff on
  2. to fix the price of according to a tariff

tariff Synonyms

tariff

n.

duty, rate, charge; see tax 1.

tariff Finance Definition

  1. A federal tax on exports and imports. Tariffs are imposed to protect domestic markets and give an advantage to domestic producers, or for their financial benefit. Money collected from a tariff is called a duty.
  2. A list of prices for different types of services, such as moving or shipping services.

tariff Law Definition

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 It has since been superseded by the establishment of the World Trade Organization.

tariff Telecom Definition

A document that a carrier files with a regulatory authority, describing the services the carrier intends to offer in that domain, the proposed rates and charges, and the proposed obligations, rights, and responsibilities of both the carrier and the customer. The proposal is subject to regulatory review, which generally includes public hearings. See also carrier.

tariff Usage Examples

Converse of object

  • impose: The list was to have been rotated, imposing further tariffs on a revised range of European goods.
  • bundle: If I buy a bundled tariff, can I change the bundle size?
  • eliminate: How could reducing or eliminating tariffs and quotas or eliminating restrictions on foreign investment have different impact on women as opposed to men?
  • recommend: The Lord Chief Justice recommended a tariff of 14 years.

Preposition: on

import: The UK steel industry has welcomed today's announcement by President Bush that the section 201 tariffs on steel imports are being withdrawn.

Adjective modifier

  • unmetered: Second is that there is no universal unmetered tariff from BT.
  • preferential: In addition Members have access to all properties within the collection of hotels - all at a preferential tariff.
  • pay-as-you-go: Pay-as-you-go tariffs at hotspots can add up quickly, averaging roughly £ 6 per hour or £ 10 per day.
  • Vodafone: Along with a selection of standard Vodafone tariffs, there is also a bespoke package for Asda.
  • green: Switching to a new, greener tariff is easy.
  • reduced: Hill View House operates a reduced nightly tariff for short breaks taken during both the high and low season.

Modifies a noun

  • escalation: They support development, but then deter countries from processing their own products by tariff escalation.
  • barrier: Textile quotas are to be abolished by 2005, but tariff barriers remain high.
  • reduction: Eligible students may choose to receive the tariff reduction instead of the Scholarship.
  • point: IB 30 points Irish Highers 280 tariff points, to be taken from the best 4 of at least 5 subjects studied.

Noun used with modifier

  • feed-in: The main disadvantage of fixed feed-in tariffs is the political risk inherent in the system.
  • flat-rate: Flat-rate data tariffs will emerge as they did in the Internet space.
  • import: Smuggled, low price counterfeit goods also mean significant loss of revenue for countries with import tariffs.
  • electricity: The Center will also support the concept of " green electricity tariffs.
  • custom: In the Uruguay Round, the EU was instrumental in securing an average reduction of 40 % in industrial customs tariffs among the participants.