TeachMeFinance.com - explain Tariff
Tariff -- A duty levied on goods transported from one customs area to another either for protective or revenue purposes.
Tariff -- 1. A comprehensive list or "schedule" of merchandise with applicable duty rates to be paid or charged for each listed article; together with governing rules and regulations.(A "customs" Tariff.)
Tariff -- A schedule or list of prices or rates. For instance, the tariff of a hotel is the schedule or list of prices at which it provides accommodations. Again, the tariff of a railroad is the schedule or list of rates at which it carries freight and passengers ; likewise, the tariff of a telegraph company is the schedule or list of rates at which it transmits messages. Also, the tariff is the schedule or list of merchandise and other articles with the rates of duty to be paid on them to the government when imported (and in some instances when exported).
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