Definition of excise duty: A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
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To understand just how much these endorsements can be worth to a fighter, keep this stat in mind: On July 7, 2012, Anderson Silva earned $500,000 to wear a Burger King logo on his shorts for one night at UFC 148.