14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
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Warning
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LSDefine
Simple English definitions for legal terms
duty-free
Read a random definition: campiparticeps
A quick definition of duty-free:
Duty-free means that products from other countries can be sold without extra taxes. This makes them cheaper for people to buy when they travel or shop in airports or on ships.
A more thorough explanation:
Definition: Duty-free refers to products that are imported or exported without any taxes or duties being applied to them. This means that the products can be sold at a lower price than they would be if taxes were added.
Example 1: When you travel to another country, you may be able to buy duty-free items at the airport. This could include things like alcohol, perfume, or electronics. Because these items are not subject to taxes, they may be cheaper than they would be in a regular store.
Example 2: A company may choose to import goods duty-free in order to save money. For example, if a clothing company imports fabric from another country without paying duties, they can make their clothes at a lower cost. This could allow them to sell their clothes at a lower price than their competitors.
The examples illustrate the definition of duty-free by showing how products can be sold at a lower price when taxes are not applied. In both examples, the products are imported or exported without any taxes or duties being added, which allows them to be sold at a lower cost. This can benefit both consumers and businesses by making products more affordable or allowing companies to save money on production costs.