View synonyms for ad valorem

ad valorem

[ ad vuh-lawr-uhm, -lohr- ]

Phonetic (Standard)IPA

adjective

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).

ad valorem

/ æd vəˈlɔːrəm /

(of taxes) in proportion to the estimated value of the goods taxed Abbreviationad vala.v.A/V

< Latin: literally, according to the worth

from Latin

Bicycles entering Belgium pay an ad valorem duty of 12 per cent.

All other produce and general merchandise were moderately taxed, either by tariff or ad valorem.

On this account duties ought never to be levied according to the value of goods, or ad valorem, as it is said.

Eventually the Chancellor agreed to reduce the new ad valorem duty by a third.

This impost was increased by the Assembly of 1732, to a duty of five per centum ad valorem, for four years.

April 18, 2024petrichor

[pet-ri-kawr]

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