Import Bond
/ˈɪmpɔrt bɑnd/
Definitions
- (n.) A financial guarantee filed with customs, ensuring payment of duties and compliance with import regulations.
The importer secured an import bond to release the goods from customs promptly.
Forms
- import bond
- import bonds
Related terms
See also
Commentary
Import bonds are critical in international trade law to facilitate lawful importation and ensure governmental revenue protection.
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.