ad valorem

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adjective ad va·lo·rem \ˌad-və-ˈlȯr-əm\

Definition of ad valorem

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

Origin and Etymology of ad valorem

Latin, according to the value


First Known Use: 1698


Law Dictionary

ad valorem

play
adjective ad va·lo·rem \ˈad-və-ˈlōr-əm, ˈäd-vä-ˈlō-rem\

Legal Definition of ad valorem

  1. :  imposed at a rate based on a percent of value <an ad valorem tax on real estate>

Origin and Etymology of ad valorem

Latin, according to the value


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