Home > Term: import deposit
import deposit
A requirement that importers put some amount of money in an account for some period of time. The purpose may be to assure that import duties will be paid, if they apply (as in the case of a tourist bringing in a car), or the deposit may simply be a nontariff barrier intended to discourage imports.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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