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 ?
They're duty bound by their own policy to maximise the commercial return on their own intellectual property rights - which covers merchandise.
Other top players have opted to take a strategic break a week out from the final major of the year, but Day is duty bound to appear in Canada due to his partnership with sponsors RBC.
Cellino met with MK Dons boss Karl Robinson and also made an unsuccessful approach for Bristol Rovers' Darrell Clarke, all while Evans remained in position, but the Scot said: "I have always believed that, if you're an owner and have the final say, you're duty bound to put the best man in the chair for the job.
He directed the hospital administration to deliver uniforms to the staff performing security duties and likewise make them duty bound to quickly reach at the troubled area in case of any unfortunate situation.
There seems to be a ridiculous assumption that when somebody calls someone else, they are duty bound to answer the call.
McDowall, who took over from Ally McCoist in December was asked if he was duty bound to play them and replied: "Yes".
I'm sure Cheryl has her fans but I feel duty bound to ask ITV one question.
I think when there were allegations made, it was duty bound for him [to investigate]," he said.
The Foreign Ministry believes it is seriously duty bound to legally defend national interests with high sensitivity against enemies' measures in cyber space," the top Iranian diplomat said in a meeting with Head of Iran's Civil Defense Organization General Gholam Reza Jalali on Monday, the Islamic republic news agency reported.
Most of them come by trains with plans to return the same day and I am duty bound to meet them.
She probably wanted to say something completely different but is duty bound to keep her private thoughts to herself.
He has no power of arrest and if he physically prevents you from leaving he is guilty of assault and the police would be duty bound to come to your assistance.