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LSDefine

Simple English definitions for legal terms

ENTREPÔT

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A quick definition of ENTREPÔT:

Term: ENTREPÔT

Definition: An entrepôt is a building or place where goods from other countries can be stored and then exported to another country without having to pay a duty.

A more thorough explanation:

Entrepôt (pronounced on-truh-poh) is a French word used in French law to refer to a building or place where goods that have been imported from another country can be stored without paying a duty. These goods can then be exported to another country from the entrepôt without paying a duty.

An example of an entrepôt is a warehouse located near a port where goods that have been imported from China can be stored. These goods can then be exported to other countries without paying a duty.

Another example of an entrepôt is a free trade zone, such as the Dubai Airport Freezone, where goods can be imported, stored, and re-exported without paying a duty.

The examples illustrate the definition of an entrepôt by showing how goods that have been imported from another country can be stored in a specific location without paying a duty. This allows the goods to be exported to another country without paying a duty, which can make them more affordable for consumers in the destination country. Entrepreneurs can use entrepôts to store goods and take advantage of lower tariffs or taxes, which can help them save money and increase their profits.

entrebat | entrepreneur

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renard99
14:43
@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough
lilypadfrog
14:43
@ChowieBean: end of nov
i applied nov. 15 lily
or 12th
renard99
14:43
Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord
14:44
im still in the queue to be reviewed for penn so
lilypadfrog
14:44
@SplitterusClitterus: I applied like two weeks later. It was one of my last apps
jackfrost11770
14:44
I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever
ReminiscentZestyFish
14:45
Tru
GreyCeaselessMammoth
14:45
notHim at it again
14:45
notHim is a born WINNER
14:47
ya i basically have penn r
Trismegistus
14:48
how would you know
14:48
uh wdym. i didnt get penn A or penn WL
jackfrost11770
14:48
Check substatus, it's not an update. I didn't even notice it at first
14:48
Substatus?
14:48
i cant get into my penn rn so im just assuming
14:48
same @Eggan
cumsock
14:49
carole baskin sold all her land
14:49
If it says under committee review I’m still alive right
cumsock
14:49
for 20 million fuckin dollars
Trismegistus
14:49
that's what mine saying @sadpadresfan
14:50
ya im on the plane so it wont let me log into lsac for some readon
14:50
for another 2 hours
lilypadfrog
14:50
im out here in miamiiiii
14:50
Whoa someone got Penn WL but Harvard A earlier what the heck
Trismegistus
14:50
happens all the time
14:51
I stg every time I see you that Jorge Ben song starts playing in my head again
Trismegistus
14:51
LOL
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