Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “customs bond”

customs bond

noun [C]     TAX, COMMERCE
a type of insurance that someone who is importing goods must have, in which they promise to pay any necessary taxes and obey the rules for importing goods: We can negotiate highly competitive customs bond rates for you. Every importer should educate themselves on the US Customs bond.
(Definition of customs bond noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of customs bond

Word of the Day

sail

When a boat or a ship sails, it travels on the water.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More