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TeachMeFinance.com - explain Drawback Drawback -- (USA) A refund of duty and taxes which may be obtained upon the exportation or destruction of certain articles under certain conditions. historic definition... Drawback -- Same as rebate ; when part of an amount paid is returned such return is designated a drawback. A drawback on imported goods on which duty has been paid is a repayment, in part or in whole, of the duties upon the subsequent exportation of the same goods in their original or in another form. A drawback on freight rates is a repayment, in part, of the rates (or charges). About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.