bonded terminal


A terminal that is approved by Customs for the temporary storage of imported goods until the Customs duties have been paid or the goods have been released. Bonds are required to be posted by the terminal operator in order to indemnify the government if the goods are released improperly.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bonded debt bondholder