Tools: Learn New Words | Secure Password Generator | Startup Tools | PDF Generator

Octroi (Noun)

Meaning

A tax on various goods brought into a town.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The town council imposed an octroi on all imported textiles to raise revenue for local development projects.
  • In the 18th century, many European cities collected an octroi on goods brought in by merchants and traders.
  • The local government reduced the octroi on essential items like food and medicine to alleviate the burden on the poor.
  • The merchant was shocked to discover that he had to pay a hefty octroi on the goods he had transported from the neighboring town.
  • Historians have argued that the octroi on luxury goods like silk and spices was a major source of revenue for many medieval towns.

Hypernyms

  • Tariff
  Copyright © 2024 Socielo Tech. All Rights Reserved. | Privacy Policy | Terms of use