ad valorem
ad valorem
Definition
ad· va·lo·rem (ad′ və lôr′əm)
in proportion to the value: a phrase applied to certain duties and taxes levied on goods, property, etc. as a percentage of their value: abbrev. ad val.
Etymology: L
ad valorem Finance Definition
A
Latin term that means according to the value. It frequently is used to refer
to a way of assessing taxes on property or duties on goods in which a
percentage of the value of the item is paid as the tax or duty.
Browse dictionary entries near ad valorem
- ad testificandum
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- ad valorem tax
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- adactylous
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- Adam
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