Define: Tariff

Business, Legal & Accounting Glossary

Definition: Tariff


Quick Summary of Tariff


A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry.



What is the dictionary definition of Tariff?

Dictionary Definition


  1. A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves
  2. A schedule of rates, fees or prices
  3. British a sentence determined according to a scale of standard penalties for certain categories of crime

Also:

  • General: Published list of fares, freight charges, prices, rates, etc.
  • Foreign trade: Popular term for import tariff and import tariff schedule.
  • Shipping: Popular term for shipping tariff And shipping tariff schedule.

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Synonyms For Tariff


duty, tax, charge, levy, rate


Cite Term


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https://payrollheaven.com/define/tariff/
Modern Language Association (MLA):
Tariff. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/tariff/.
Chicago Manual of Style (CMS):
Tariff. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/tariff/ (accessed: April 06, 2020).
American Psychological Association (APA):
Tariff. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/tariff/

Definition Sources


Definitions for Tariff are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020