Definitions

1. noun

A seaport that is a customs-free area where goods can be unloaded and processed for distribution without being subject to customs duties or other restrictions.

“The country declared the major port a freeport, allowing international trade to flourish.”

2. noun

A place where goods can be bought or sold, often with minimal regulations or taxes.

“The freeport in the city center offered a wide range of goods at competitive prices.”

3. verb

To export or import goods through a freeport.

“The company decided to freeport their goods to avoid paying high tariffs.”