merchandise


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merchandise

Illicit contraband, especially drugs, being sold, bought, or smuggled. Make sure you don't use any of the merchandise for yourself—if there's any missing by the time you deliver it to Detroit, the boss will cut your ear off. We've got a whole truckful of merchandise coming in tomorrow night.

merchandise

n. any contraband. (Underworld.) How much of the merchandise can you deliver by midnight?
References in periodicals archive ?
The Service argued that the taxpayer was a seller of merchandise and therefore had to account for inventories, requiring use of the accrual method.
Shortly after being named a buyer for Oaktree, Tucker traveled to the Far East with Karl Michner, then buyer and merchandise manager for Oaktree.
It does appear, however, that the Tax Court is leaning toward adopting the underlying principle that, if the materials provided can be considered "indispensable and inseparable" from the services provided by a taxpayer, such materials will not be considered merchandise under Regs.
Customs Ruling 544436 determined that while these types of royalty payments may not be subject to duty as royalty payments, they may be subject as "proceeds of the subsequent resale, disposal or use" of the imported merchandise that are dutiable under the GATT customs valuation code.
The transaction value of imported merchandise is defined in 19 U.