ad valorem

ad valorem

[ad vuh-lawr-uhm, -lohr-]
adjective, adverb
in proportion to the value (used especially of duties on imports that are fixed at a percentage of the value as stated on the invoice).

Origin:
< Latin: literally, according to the worth

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World English Dictionary
ad valorem (æd vəˈlɔːrəm)
 
adj, —adv
ad val, a.v., Abbreviation: A/V (of taxes) in proportion to the estimated value of the goods taxed
 
[from Latin]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

ad valorem
type of customs duties, 1711, L. "in proportion to the value."
Online Etymology Dictionary, © 2010 Douglas Harper
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