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TeachMeFinance.com - explain Tariff Tariff -- A duty levied on goods transported from one customs area to another either for protective or revenue purposes. another definition... Tariff -- 1. A comprehensive list or "schedule" of merchandise with applicable duty rates to be paid or charged for each listed article; together with governing rules and regulations.(A "customs" Tariff.) 2. A schedule of rates and charges applied by a business, especially a common carrier, together with a description of the services offered and the rules and regulations applicable. historic definition... Tariff -- A schedule or list of prices or rates. For instance, the tariff of a hotel is the schedule or list of prices at which it provides accommodations. Again, the tariff of a railroad is the schedule or list of rates at which it carries freight and passengers ; likewise, the tariff of a telegraph company is the schedule or list of rates at which it transmits messages. Also, the tariff is the schedule or list of merchandise and other articles with the rates of duty to be paid on them to the government when imported (and in some instances when exported). 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.