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LSDefine

Simple English definitions for legal terms

bonded warehouse

Read a random definition: tax basis

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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