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tarriff

 

Definitions from the Web

Tarriff

Definition:

A tariff refers to a tax or duty imposed on imported or exported goods by a government, usually as a means of protecting domestic industries from foreign competition or generating revenue.

Senses/Usages:

1. Noun - Tax on Imports/Exports:

When used as a noun, a tariff is a tax or duty that must be paid on goods imported or exported between countries.

Example Sentence:

The government implemented a high tariff on foreign automobiles to support local car manufacturers.

2. Noun - Price List for Services:

Tariff can also refer to a price list or schedule of charges for various services, such as electricity, water, or telecommunications.

Example Sentence:

Before installing solar panels, it's important to review the electricity tariff to understand the billing structure.

3. Verb - Imposing a Tariff:

As a verb, to tariff means to impose or levy a tariff on goods being imported or exported.

Example Sentence:

The government announced plans to tariff foreign steel to protect the local industry.

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