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 ?
Doing duty for him during the summer racing months are the already mentioned 11-year-old Celtic Boy, Attrapeur, a five-year-old French-bred bay gelding, the ex-Irish Manjam, another five-year-old bay gelding, Sky Mack, an eight-year-old chestnut gelding and Helen's Vision, a six-year-old bay mare who is something of a Newbury course specialist, having won there three times for owner Dai Morris, the former Welsh rugby international star.
Ittihad's Argentinian coach Gabriel Calderon will be without some of his key players who are rested after doing duty for the national team following their World Cup qualifying match against South Korea.
McCoy is doing duty for boss Martin Pipe today and no man has a better record in this race than the champion trainer who runs three today with Kaki Crazy an interesting contender.