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antidumping tariff

A tariff equaling the difference between the price at which the product is sold in the exporting country and the price at which the importer will sell the product in the importing country. • These tariffs are designed to prevent foreign businesses from artificially lowering their prices and gaining unfair advantages outside their home market. […]

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reduction to practice

reduction to practice. Patents. The embodiment of the concept of an invention, either by physical construction and operation or by filing a patent application with a disclosure adequate to teach a person reasonably skilled in the art how to make and work the invention without undue experimentation. • The date of reduction to practice is

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contracts clause

Contracts Clause. The clause of the U.S. Constitution prohibiting states from passing a law that would impair private contractual obligations. • The Supreme Court has generally interpreted this clause so that states can regulate private contractual obligations if the regulation is reasonable and necessary to serve an important public purpose. U.S. Const. art. I, §

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vectigal

vectigal (vek-tI-g[schwa]l), n. Roman & civil law. 1. A tax, esp. an import or export duty, paid to the state. 2. An annual ground rent paid in kind or in money. Pl. vectigalia (vek-t[schwa]-gay-lee-[schwa]). vectigal judiciarium (vek-tI-g[schwa]l joo-dish-ee-air-ee-[schwa]m), n. A tax or fine to defray the expenses of maintaining courts of justice. Pl. vectigalia judiciaria.

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delivered duty paid

delivered duty paid. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must (1) clear the goods for export, (2) bear the costs of carriage, (3) pay the buyer’s import duties, and (4) make the goods

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