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free port
noun
: an enclosed port or section of a port where goods are received and shipped free of customs duty
Examples of free port in a Sentence
Recent Examples on the Web
It’s located in a free port (a real thing where rich people can secure their valuables without paying taxes on them) at the Oslo airport.
—Nate Jones, Vulture, 26 Feb. 2024
Perhaps Sunak, who had written a research paper on the value of post-Brexit free ports, was voting like a hedge fund manager.
—Dominic Green, Washington Examiner, 12 Jan. 2024
Independent of any national jurisdiction, free ports allow traders to ship and store property without paying taxes or customs duties.
—Rachel Corbett, New York Times, 23 Aug. 2023
Le Freeport Singapore, one of Yves Bouvier’s free ports.
—Leena Kim, Town & Country, 18 Apr. 2023
In a plot line from the latest season of Billions, Bobby Axelrod hides fake versions of his art in a free port to dodge taxes, while the real things hang in his apartment.
—Leena Kim, Town & Country, 18 Apr. 2023
There are export processing zones, enterprise zones, and free ports.
—Matthew Gavin Frank, Harper's Magazine, 12 Dec. 2022
Capital investments in new development territories like the free port of Vladivostok in Russia, Khorgos dry port in Kazakhstan, and Astana International Financial Center (AIFC) have created tens of thousands of new jobs, and not in the commodity space for which these nations are mostly known.
—Kenneth Rapoza, Forbes, 22 Sep. 2021
The action ranges from European watering holes to the New York townhouse of Imelda Marcos to the free port warehouses of Geneva and Singapore, where works of art, legally obtained and otherwise, can be discreetly traded.
—Washington Post, 7 Jan. 2022
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'free port.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1530, in the meaning defined above
Dictionary Entries Near free port
Cite this Entry
“Free port.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20port. Accessed 10 Jun. 2024.
Geographical Definition
Freeport
geographical name
Free·port
ˈfrē-ˌpȯrt
1
city in northern Illinois west of Rockford population 25,638
2
village in southeastern New York on Long Island population 42,860
3
city in northwestern Bahamas on central Grand Bahama Island population 26,574
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