ad valoremad va·lo·rem
Origin of ad valoremClassical Latin
Origin of ad valoremNew Latin ad val&omacron;rem : Latin ad, to, according to + Late Latin val&omacron;rem, accusative of valor, value.
- Measured by or in proportion to value.
ad valorem - Investment & 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.