MLchartDataset catalogue

Custom bond

Term · Insurance and risk management · MLC-T-INS-001054

A type of surety bond required by customs authorities to guarantee that an importer will comply with all laws and regulations governing the importation of goods. This bond covers duties, taxes, and penalties that may be assessed. It is a financial guarantee that the importer will fulfill their obligations to the government.

Table 1. Record
IdentifierMLC-T-INS-001054
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001054",
  "term": "Custom bond",
  "field": "Insurance and risk management",
  "definition": "A type of surety bond required by customs authorities to guarantee that an importer will comply with all laws and regulations governing the importation of goods. This bond covers duties, taxes, and penalties that may be assessed. It is a financial guarantee that the importer will fulfill their obligations to the government.",
  "url": "https://mlchart.com/terminology/insurance/custom-bond/"
}

Record 862 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.