What does drawback mean?

drawback meaning in General Dictionary

A loss of benefit or deduction from revenue price success an such like a discouragement or hindrance objectionable feature

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  • the quality of becoming a hindrance
  • A loss of advantage, or deduction from revenue, worth, success, etc.; a discouragement or barrier; objectionable feature.
  • cash reimbursed or remitted; especially, a certain amount of responsibilities or traditions, sometimes the complete, and quite often just a component, remitted or reimbursed by the federal government, on the exportation associated with commodities on which these people were levied.

drawback meaning in Law Dictionary

in traditions laws, this term denotes an allowance created by the governmentupon the obligations due on brought in product once the importer, instead ofselling it here, re-exports it; or even the refunding of these responsibilities if already compensated. This allowanceamounts. In many cases, into whole of original obligations; in other people, to apart just.A downside is a computer device resorted to for enabling a commodity impacted by taxes to beexported and sold within the international marketplace for a passing fancy terms like it wasn't taxedat all. It differs inside from a bounty, your latter allows a commodity is offered forless than its all-natural price, whereas a drawback allows it to be sold exactly at its naturalcost. Downs v. U. S., 113 Fed. 144, 51 C. C. A. 100.


drawback meaning in Etymology Dictionary

"hindrance, drawback,"1720, from draw (v.) + straight back (adv.). The idea is of something which "holds right back" success or activity.


drawback meaning in Business Dictionary

federal government plan (see export subsidy) that will pay right back (in part or in full) excise tasks, import tasks, and/or other fees on exported or re-exported products. Its objective should improve the competition of this neighborhood makers and traders, and is normally perhaps not given on wrecked or spoiled items.


drawback meaning in General Dictionary

(n.) A loss in benefit, or deduction from profit, worth, success, etc.; a discouragement or barrier; objectionable feature.

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  • (n.) Money paid back or remitted; especially, a certain amount of tasks or customs, often the entire, and sometimes only a component, remitted or reimbursed by the government, from the exportation regarding the commodities which these were levied.

Sentence Examples with the word drawback

The appearance of the houses is precisely that of Swiss chalets, picturesque and comfortable - the only drawback being a want of chimneys, which the Bhutias do not know how to construct.

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