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LSDefine

Simple English definitions for legal terms

bonded warehouse

Read a random definition: Brehon law

A quick definition of bonded warehouse:

A bonded warehouse is a special type of building where products that have to pay taxes when they enter a country are stored. It's like a private warehouse that keeps things safe until the taxes are paid.

A more thorough explanation:

Bonded Warehouse

A bonded warehouse is a special type of private warehouse used to store products that are subject to customs duties. It is a building used to store goods and other items.

  • A company imports a large quantity of wine from France and stores it in a bonded warehouse until the customs duties are paid.
  • A manufacturer stores their products in a bonded warehouse until they are ready to be shipped to customers in another country.

These examples illustrate how a bonded warehouse is used to store products that are subject to customs duties. The goods are held in the warehouse until the duties are paid, and then they can be released for distribution or sale. This helps companies avoid paying customs duties upfront and allows them to manage their inventory more efficiently.

bonded debt | bond for deed

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How much is everyone trying to save up for when they get to school?
shaquilleoatmeal
9:51
@PuppyBot: tripppp, u were heavy on my mind last night after the bs in the chat
cumsock
9:51
i plan to be the most frugal mf alive in school
cumsock
9:52
paint chips for dinner
cumsock
9:52
thats what i always eat tho
lilypadfrog
9:52
glove do you want to go dumpster diving with me
cumsock
9:52
yea thats where all the good snacks are
cumsock
9:52
like plastic bags
lilypadfrog
9:53
😋😋😋😋
[] starfishies
9:53
@BulbasaurNoLikeCardio: i didn't think about this until it was too late lol i'll be lucky to save like 7k if that
shaquilleoatmeal
9:54
@BulbasaurNoLikeCardio: saving enough to have mortgage +bills for the first 2 years of law school, figured i can work again after the 2nd year but at least ill give myself the flexibility to focus on school and not bills. A little to the side because life happens and sometimes u need to prepared for hitting rock bottom
I am trying to be pretty frugal now, looked up the cost to have PODs move my shit and I am like fuck that is a lot. I am trying to squirrel half my monthly income away so I can have a fat amount of cushion
PuppyBot
9:54
@shaquilleoatmeal: how sweet
PuppyBot
9:55
i need to make my matcha
cumsock
9:55
we just need one parlay
I think my biggest stress will be two mortgages until my current place sells.
shaquilleoatmeal
9:56
@BulbasaurNoLikeCardio: yea 2 is no joke, and diapers cost just as much as 1 mortgage lmao
diapers are nothing... fucking formula cost and you gotta stock pile because the random shortages
Wife gets out of the army like 2m after law school starts too and she is going to go to school full time so itll be a tight budget all of the first semester
do u guys know if there are any potential consequences of dropping a job after submitting an app? Like would I have to update my resumes that I’m no longer there
PuppyBot
9:59
do you have a baby registry?
PuppyBot
9:59
thats always a nice way of getting donations
I’m also curious of that @whenpigsfly my life has changed significantly sense apps dropped lol
@PuppyBot: we do/did, pretty much got everything we need for the baby like a closet full of diapers. Mainly just buyying formula and cute outfits for her
Congratulations @BulbasaueNoLikeCardio
PuppyBot
10:01
i just know baby E is such a cutie
10:01
I have 1 more app to submit and I am rly hoping to drop this volunteer position that’s basically a full time job, but my personal statement is abt this position so idk if somehow it’ll come back
@whenpigsfly: I would say it does not matter and I would not update anything that is potentially negative like quiting a job. If fired I would think notification would be the polite thing to do. If it is unpaid volunteer then I would say it does not matter at all. @puppybot: she is the cutest bunny can verify
morning guys
10:03
Thank u so much!! <3 I am so excited to be free of this lol
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