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Key Takeaways
- A drawback is a rebate on taxes or tariffs paid by businesses on goods that were imported into the United States and then exported out again.
- The rebate from a drawback can include raw materials used in the manufacturing of other products that are eventually exported.
- A drawback does not apply to goods that have been damaged or spoiled prior to being exported.
www.investopedia.com/terms/drawback.asp- People also ask
Drawback: What it Means, How it Works, Example - Investopedia
A drawback is a rebate on taxes or tariffs paid by businesses on goods that were imported into the United States and then exported out again, such as on raw materialsbeing … See more
A drawback is a refund on specific duties, fees, and taxes, collected from U.S. companies for importing goods according to the U.S. Customs … See more
Let's say, as an example, L&B Manufacturing manufactures children’s furniture in the United States. However, the wood they use to … See more
Understanding Drawback in Business: Definition, Examples, and …
In business and trade, drawback refers to a refund of certain duties, taxes, or fees paid on imported goods when those goods are subsequently exported or used in the manufacturing of …
Disadvantage vs. Drawback — What’s the Difference?
Apr 20, 2024 · A disadvantage is a general condition or situation that reduces the chances of success or efficiency, such as a lack of resources in a company. On the other hand, a …
Drawback Definition & Meaning - Merriam-Webster
The meaning of DRAWBACK is a refund of duties especially on an imported product subsequently exported or used to produce a product for export. How to use drawback in a sentence.
DRAWBACK definition and meaning | Collins English Dictionary
4 meanings: 1. a disadvantage or hindrance 2. a refund of customs or excise duty paid on goods that are being exported or used.... Click for more definitions.
DRAWBACK | English meaning - Cambridge Dictionary
DRAWBACK definition: 1. a disadvantage or the negative part of a situation: 2. a disadvantage or the negative part of a…. Learn more.
The Drawbacks And Upsides Of Being A Small …
Oct 16, 2019 · Drawback: No Massive Budgets. Often, massive companies are bankrolled by venture funding or investment firms. In some cases, those businesses blow out revenue with less of a goal of being...
DRAWBACK | definition in the Cambridge English Dictionary
DRAWBACK meaning: 1. a disadvantage or the negative part of a situation: 2. a disadvantage or the negative part of a…. Learn more.
Drawback - definition of drawback by The Free Dictionary
Define drawback. drawback synonyms, drawback pronunciation, drawback translation, English dictionary definition of drawback. n. 1. A disadvantage or inconvenience. See Synonyms at …
DRAWBACK Definition & Meaning | Dictionary.com
a hindrance or disadvantage; an undesirable or objectionable feature. Commerce. an amount paid back from a charge made. Government. a refund of tariff or other tax, as when imported goods …
Drawback Definition & Meaning - YourDictionary
Anything that prevents or lessens full satisfaction; shortcoming. A disadvantage; something that detracts or takes away. Poor fuel economy is a common drawback among larger vehicles. The …
DRAWBACK - Definition in English - bab.la
a feature that renders something less acceptable; a disadvantage or problem the main drawback of fitting catalytic converters is the cost 2. also duty drawback an amount of excise or import …
DRAWBACK Definition & Meaning | Dictionary.com
a hindrance or disadvantage; an undesirable or objectionable feature. Commerce. an amount paid back from a charge made. Government. a refund of tariff or other tax, as when imported goods …
What does DRAWBACK mean? - Definitions.net
A drawback is a disadvantage or negative feature that makes something less appealing, effective, or beneficial. It refers to any characteristic, condition or aspect of a situation, plan, product, etc. …
Drawback - Definition, Meaning & Synonyms - Vocabulary.com
A drawback is a disadvantage or slight problem. Some drawbacks to adopting a puppy can include lost sleep, having your sneakers gnawed on, and spending too much money at the vet. …
drawback - WordReference.com Dictionary of English
draw•back (drô′ bak′), n. an undesirable or objectionable feature. Business [Com.]an amount paid back from a charge made. Government a refund of tariff or other tax, as when imported goods …
drawback, n. & adj. meanings, etymology and more | Oxford …
What does the word drawback mean? There are eight meanings listed in OED's entry for the word drawback , one of which is labelled obsolete. See ‘Meaning & use’ for definitions, usage, and …
DRAWBACK definition in American English - Collins Online …
A drawback is an aspect of something or someone that makes them less acceptable than they would otherwise be. He felt the apartment's only drawback was that it was too small. …
drawback | meaning of drawback in Longman Dictionary of …
From Longman Business Dictionary draw‧back /ˈdrɔːbækˈdrɒː-/ noun [countable] a disadvantage of a situation, product etc that makes it less attractive There are drawbacks to being a sole …
drawback | English Definition & Examples | Ludwig
Definition and high quality example sentences with “drawback” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English
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