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


  • 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.

Synonyms For Tariff

duty, tax, charge, levy, rate

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Tariff. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 31, 2023 https://payrollheaven.com/define/tariff/.
Chicago Manual of Style (CMS):
Tariff. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/tariff/ (accessed: March 31, 2023).
American Psychological Association (APA):
Tariff. PayrollHeaven.com. Retrieved March 31, 2023
, 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 | 0 Views.