bonded warehouse

noun

Definition of bonded warehouse

1 : a warehouse under bond to the government for payment of customs duties and taxes on goods stored or processed there
2 : a warehouse insured against loss or damage to goods stored therein

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“Bonded warehouse.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/bonded%20warehouse. Accessed 11 December 2019.

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