A bonded warehouse is a store where goods sit before duty is paid. Keep it in a bonded warehouse.
Duty falls due only when the goods leave, so the money is not tied up meanwhile. A bonded warehouse is locked jointly by the owner and the customs authority.
1nounbonded warehouseA store where goods sit before duty is paid.
“The whisky sat in a bonded warehouse for eighteen years.”
bonded warehouse is a warehouse.
Practised in Shipping & Logistics