ad valorem - Meaning and Examples

Meaning of 'ad valorem' (Webster Dictionary)

1 . Ad valorem

- A term used to denote a duty or charge laid upon goods, at a certain rate per cent upon their value, as stated in their invoice, -- in opposition to a specific sum upon a given quantity or number; as, an ad valorem duty of twenty per cent.

Meaning of 'ad valorem' (Princeton's WordNet)

1 . ad valorem

[ r]

Meaning (1):
- in proportion to the estimated value of the goods taxed

Example in sentence:

the goods were taxed ad valorem

Nearby Words:

ad captandum ad hominem ad infinitum ad interim ad libitum

See 'ad valorem' also in:

Dictionary.com Google Translator Wikipedia.com Merriam Webster

Ad valorem tax
Ad valorem tax is a tax (such as VAT) which is calculated according to the value of the goods or services taxed.
Ad Valorem Duty
Duty assessed as a percentage rate of the value of the imported merchandise is called Ad Valorem Duty.

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