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Ad valorem

 - 4 dictionary results

ad va⋅lo⋅rem

  [ad vuh-lawr-uhm, -lohr-]
Use Ad valorem in a Sentence
–adjective, adverb
in proportion to the value (used esp. of duties on imports that are fixed at a percentage of the value as stated on the invoice).
Origin:
< L: lit., according to the worth
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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ad va·lo·rem   (ād' və-lôr'əm, -lōr'-)   
adj.   Abbr. a.v. or a/v
In proportion to the value: ad valorem duties on imported goods.

[New Latin ad valōrem : Latin ad, to, according to + Late Latin valōrem, accusative of valor, value.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

ad valorem 
type of customs duties, 1711, L. "in proportion to the value."
Online Etymology Dictionary, © 2001 Douglas Harper
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Legal Dictionary

Main Entry: ad va·lo·rem
Pronunciation: 'ad-v&-'lOr-&m, 'äd-vä-'lO-rem
Function: adjective
Etymology: Latin, according to the value
: imposed at a rate based on a percent of value ad valorem tax on real estate>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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