AskDefine | Define drawback

Dictionary Definition

drawback n : the quality of being a hindrance; "he pointed out all the drawbacks to my plan"

User Contributed Dictionary

English

Pronunciation

  • /ˈdɹɔːˌbæk/, /"drO:%b

Extensive Definition

The word drawback can mean:-
  • In general usage, a disadvantage.
  • In law in commerce, paying back a duty previously paid on exporting excisable articles or on re-exporting foreign goods. The object of a drawback is to let commodities which are subject to taxation be exported and sold in a foreign country on the same terms as goods from countries where they are untaxed. It differs from a bounty in that a bounty lets commodities be sold abroad at less than their cost price; it may occur, however, under certain conditions that giving a drawback has an effect equivalent to that of a bounty, as in the case of the so-called sugar bounties in Germany (see sugar). The earlier tariffs contained elaborate tables of the drawbacks allowed on exporting or re-exporting commodities, but so far as the United Kingdom is concerned (as of 1911) the system of bonded warehouses practically abolished drawbacks, as commodities can be warehoused (placed in bond) until needed for exportation.
  • In music, a 1996 album by industrial band X Marks the Pedwalk, see Drawback (album). Also the name of a rock band from Buffalo (myspace page).

References

Synonyms, Antonyms and Related Words

abatement, agio, allowance, bank discount, blemish, block, blockade, bottleneck, breakage, bug, cash discount, catch, chain discount, charge-off, concession, cordon, crack, curtain, cut, damage, deduction, defect, defection, deficiency, depreciation, determent, deterrent, detriment, difficulty, disability, disadvantage, discount, evil, failing, failure, fault, faute, flaw, foible, frailty, handicap, hang-up, harm, hazard, hindrance, hitch, hole, hurdle, hurt, ill, impairment, impediment, imperfection, inadequacy, inconvenience, infirmity, injury, joker, kickback, kink, liability, little problem, loss, loss of ground, mischief, objection, obstacle, obstruction, obstructive, one small difficulty, penalty, penalty clause, percentage, prejudice, premium, price reduction, price-cut, problem, rebate, rebatement, reduction, refund, rift, rollback, rub, salvage, setoff, shortcoming, snag, something missing, step backward, stumbling block, stumbling stone, taint, tare, time discount, trade discount, tret, trouble, underselling, vulnerable place, weak link, weak point, weakness, write-off
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