Bonded warehouse

Bonded warehouse

A facility for storing controlled materials, such as alcohol and tobacco products, that generally has high levels of security and very limited access.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Fire safety
Category: Prevention & protection
Company: NFPA
Product:
Acronym-Abbreviation:

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Related terms

bonded warehouse

Maritime; Ocean shipping

A warehouse authorized by customs authorities for storage of goods on which payment of duties is deferred until the goods are removed.

bonded warehouse

Transportation; Boats & ships

An area of security approved by custom authorities for the safekeeping or deposit of goods liable for excise duty but not yet subject to that duty.

bonded warehouse

Fire safety; Prevention & protection

A facility for storing controlled materials, such as alcohol and tobacco products, that generally has high levels of security and very limited access.

bonded warehouse

Economy; International economics

(USA) An approved private warehouse used for the storage of goods until duties or taxes are paid and the goods are properly released by Customs. Bonds must be posted by the ...