ad valorem

ad va·lo·rem

adjective \ˌad-və-ˈlr-əm\

Definition of AD VALOREM

:  imposed at a rate percent of value <ad valorem tax on goods> — compare specific 5b

Origin of AD VALOREM

Latin, according to the value
First Known Use: 1698

Rhymes with AD VALOREM


Next Word in the Dictionary: advance (verb)
Previous Word in the Dictionary: ad val
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