Bonded Warehouse
/ˈbɒndɪd ˈwɛərhaʊs/
Definitions
- (n.) A secured warehouse authorized by customs authorities where imported goods may be stored without payment of import duties until released for domestic use or export.
The importer stored the goods in a bonded warehouse to defer customs duties.
Forms
- bonded warehouse
- bonded warehouses
Related terms
See also
Commentary
Use precise terminology for customs and duties contexts; 'bonded warehouse' is distinct because it involves customs supervision and deferred duty payment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.