tariffs

Definition

Government-imposed taxes on imported or exported goods that politicians love to threaten and economists love to debate. They're supposed to protect domestic industries but often just make everything more expensive for consumers. Also used for rate schedules and criminal sentencing guidelines, because one word should definitely mean three different things.

Example Usage

The president announced new tariffs on steel imports, immediately triggering retaliatory measures from trading partners.

Source: Trade law terminology

Related Terms

Intermediate

brief

A written legal argument submitted to a court outlining the facts, issues, and legal precedents supporting your case. Despite the name, these documents are rarely brief—lawyers get paid by the hour, after all. A well-crafted brief can win cases before you even step into the courtroom; a terrible one can torpedo your case before the judge finishes their morning coffee.

⚖️ Legal

Intermediate

Precedent

A previous court decision that future judges use to make their decisions, because apparently the legal system works like a game of "well, someone did it this way before." It is basically legal copy-paste.

⚖️ Legal

Intermediate

onus

A fancy Latin way of saying "that's your problem now" in legal and professional contexts. The onus is the burden of proof or responsibility that gets passed around like a hot potato in meetings until it lands on someone's desk. Think of it as the corporate version of "not it!"

⚖️ Legal

Intermediate

pleading

The formal legal documents where lawyers present their arguments to the court, or alternatively, when you're desperately begging someone for something. In law, pleadings include complaints, answers, and motions—basically the written equivalent of a courtroom drama. Not to be confused with whining, though it sometimes sounds similar.

⚖️ Legal

Intermediate

accelerant

A substance that speeds up chemical reactions, most famously known for making fires spread faster—which is why arson investigators get really interested when they find petroleum products at fire scenes. In startup speak, it's sometimes used metaphorically for anything that rapidly grows a business, though actual accelerants are far more literal and illegal. Either way, things are about to get hot quickly.

⚖️ Legal

Intermediate

affirmed

When an appellate court reviews a lower court's decision and basically says "yeah, they got it right." It's the judicial version of giving a thumbs up, which is great if you won below but devastating if you were hoping for a reversal. Ends the case unless you want to appeal even higher, which rarely works.

⚖️ Legal

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