Definition for DRAW'BACK

DRAW'BACK, n.

  1. Money or an amount paid back. Usually, a certain amount of duties or customs, paid or bonded by an importer, paid back or remitted to him on the exportation of the goods; or a certain amount of excise paid back or allowed on the exportation of home manufactures.
  2. In a popular sense, any loss of advantage, or deduction from profit.

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