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.
Origin of ad valorem
Classical Latinad valorem
ad va·lo·remWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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ad valorem
adjective
In proportion to the value: ad valorem duties on imported goods.
Origin of ad valorem
New Latin ad valōrem Latin ad to, according to Late Latin valōrem accusative of valor valueTHE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"Ad valorem." YourDictionary. LoveToKnow. www.yourdictionary.com/ad-valorem.
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Ad valorem. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/ad-valorem
English Wiktionary. Available under CC-BY-SA license.
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MLA Style
"Ad valorem." YourDictionary. LoveToKnow. www.yourdictionary.com/ad-valorem.
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Ad valorem. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/ad-valorem
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.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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MLA Style
"Ad valorem." YourDictionary. LoveToKnow. www.yourdictionary.com/ad-valorem.
APA Style
Ad valorem. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/ad-valorem
