What Is the Definition of an In Bond?

Save
Next Video:
How to Buy Government Bonds....5

An "in" bond is what occurs when a government holds a product while they are awaiting payment for tax on the product. Learn about importing and exporting products, and how "in" bonds are involved, with help from a personal asset manager in this free video on the bond market and money management.

Part of the Video Series: Bond Market
Promoted By Zergnet

Comments

Video Transcript

Have you ever tried to import or export an item from the country where you are or where you'd like to sell it? Well, there's probably a tax placed upon your product in the country where, ultimately, that product is going to be sold. It, while waiting payment for that tax, the governments of those countries typically hold your goods as, they call it payment, I call it ransom. But, and anyway, you gotta pay the tax. While they're holding it, that term is called 'in bond'. While they're awaiting payment for the tax. Once you pay the tax, you're free to sell it, ship it, do whatever else you'd like with it. I'm Roger Groh, and that's a little bit about what it means to be 'in bond'.

Featured

Related Searches

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!