- VAT is defined as an abbreviation for value-added tax.
An example of VAT is a tourist in Thailand paying an additional charge for clothing purchased at a department store.
- The definition of a vat is a large basin that holds liquids.
An example of a vat is the container a wine maker would use to hold grapes during the fermentation process.
Stainless steel vats of wine.
vat definition by Webster's New World
- a large container for holding liquids, as those to be used in a manufacturing process or those to be stored for fermenting or ripening
- a liquid containing a vat dye
Origin: Middle English Southern dialect, dialectal variant, variety of fat ; from Old English fæt, cask, vessel, akin to German fass, container ; from Indo-European base an unverified form pēd-, an unverified form pōd-, to seize, hold from source Latvian puôds, a pot
vat definition by American Heritage Dictionary
Origin: Middle English, variant of fat, from Old English fǽt.
vat - Business Definition
vat - Investment & Finance Definition
See value-added tax.