Drawback

Drawback
Any form of tax or tariff that is rebated to the payor. This type of rebate is awarded to importers and exporters who paid tax on goods imported into their home country, and then exported those goods after they arrived. Drawbacks allow importers to temporarily store or use their goods in the U.S. without paying a non-refundable tax.

The goods that are exported do not have to be in the same form as when they were imported. For example, if raw materials were imported and used to manufacture another good, then the drawback will be paid if the manufactured goods are exported.


Investment dictionary. . 2012.

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  • drawback — [ drobak ] n. m. • 1755; mot angl. « remise », de to draw « tirer » ♦ Anglic. Comm. internat. Remboursement des droits ou taxes de douane payés lors de l entrée (⇒ importation) de marchandises, lorsqu elles ont servi à fabriquer des produits qui… …   Encyclopédie Universelle

  • Drawback — Draw back , n. 1. A loss of advantage, or deduction from profit, value, success, etc.; a discouragement or hindrance; objectionable feature. [1913 Webster] The avarice of Henry VII . . . . must be deemed a drawback from the wisdom ascribed to him …   The Collaborative International Dictionary of English

  • Drawback — (engl., spr. Drabäck), 1) Rückzoll, Zollvergütung, welche in England bei großem Export für gewisse Artikel gewährt wird; 2) Zahlungsnachlaß …   Pierer's Universal-Lexikon

  • Drawback — (engl., spr. draobäck), Rückzoll, die Rückvergütung, die bei der Wiederausfuhr verzollter Waren entrichtet wird, im weitern Sinn jede Ausfuhrvergütung, wird gewährt bei der Ausfuhr von bereits durch innere Steuern getroffenen Waren oder von… …   Meyers Großes Konversations-Lexikon

  • Drawback — (engl., spr. drahbäck), Rückzoll, Ausfuhrvergütung …   Kleines Konversations-Lexikon

  • Drawback — (Drahbäck), engl., Rückzoll, Ausfuhrvergütung; Nachlaß bei Baarzahlung …   Herders Conversations-Lexikon

  • drawback — I noun damage, decremental, defect, disadvantage, discount, fault, flaw, harm, hurt, impediment, inconvenience, injury, liability, objection, obstacle, prejudice, protest, protestation, qualification, set off II index burden, check (bar), defect …   Law dictionary

  • drawback — hindrance, disadvantage, 1720, from DRAW (Cf. draw) (v.) + BACK (Cf. back) (adv.). The notion is of something that holds back success or activity …   Etymology dictionary

  • drawback — *disadvantage, detriment, handicap Analogous words: *evil, ill: inconvenience, trouble (see INCONVENIENCE): obstruction, hindrance (see corresponding verbs at HINDER) …   New Dictionary of Synonyms

  • drawback — [n] disadvantage check, defect, deficiency, detriment, difficulty, disability, evil, failing, fault, flaw, fly in the ointment*, handicap, hindrance, hitch, ill, impediment, imperfection, inconvenience, lack, nuisance, obstacle, shortcoming, snag …   New thesaurus

  • drawback — ► NOUN ▪ a disadvantage or problem …   English terms dictionary

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