Duty

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Duty

A tax on imports, exports, or consumption goods.

Duty

A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty

See tariff.
References in periodicals archive ?
Sanjiv Bhatt is an honest and duty bound police officer.
That was the case with David Mirfin, and I consider myself duty bound to consider any move from the perspective of the player concerned.
Twenty-four hours when we are duty bound to be proud, preening and perkily pugnacious because we live in the very heart of England - the finest country in the world.
This statement goes on to say, "Yet she proclaims, and is in duty bound to proclaim, without fail, Christ who is the way, the truth, and the life (Jn.
He said: "The ship as long as it's in Irish waters is under Irish law so effectively we are duty bound to make this work on board.
I feel duty bound to remind Catherine Slessor of those comments made by Peter Hammond in his well-known publication Liturgy and Architecture.
Each fall, local garden writers are duty bound to make the case for California natives, since this season is the absolute best time to plant them.
I think you are duty bound to file a new notice and hold the meeting properly giving each and every shareholder the opportunity to vote and discuss matters under the item "any other business".
The posted additional MSs would be duty bound to ensure all medical facilities at the beds of such patients.
There are three key points to remember: If you were stuck abroad your airline or tour operator was duty bound by EU Denied Boarding Regulations to look after you and eventually get you home.
AS SOMEONE who has been recently discharged from an NHS hospital in Newcastle, I feel duty bound to issue a warning.
In this case PA backed McManus so bookies are duty bound to pay out on him.