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TeachMeFinance.com - explain In Bond In Bond -- (USA) A procedure under which goods are transported, stored, or handled, prior to clearance and release by customs, and the government's interest is secured by indemnity bonds . historic definition... In bond -- Held under bond or in trust. Dutiable imported goods may be placed in a bonded warehouse. The owners file a bond to pay the duties when the goods are withdrawn from the warehouse. Domestic products subject to the internal revenue tax may also be placed in bond under similar conditions. 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.