Recent Examples of vat from the Web
There was a break in filming during a restaurant scene in which someone gets thrown in a vat of soup while Indian musicians play on in the background, and one of the instruments caught George’s eye.
Government employees work inside Murree’s fortress-like walls and hold the keys to locks on every vat of whisky.
Some of its vegetables are sold to the retailer Fresh & Co. Through a partnership with Cornell University, students learn about sustainable food production by raising tilapia, shrimp and lobster in giant vats in the basement.
That film's objective narrative starts off fairly simple and understandable: scientists study a vat of goo in a church that may or may not be the son of Satan.
Next, assistants soak the warp threads of the textile-to-be in a series of dye vats—up to eight in total—accumulating hues along the way.
In an experiment on pain evaluation, scientists had test subjects put their hands in a vat of super cold water for 60 seconds.
The mayor tries to silence Melvin by ordering bullies to dump him in a vat of toxic waste.
And compared to grocery-store vats of protein powder, Evolution_18's prices are aimed at the Goop consumer, starting at $32 for the probiotic packets and peaking at $60 for the afternoon chocolate.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'vat.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of vat
Financial Definition of VAT
What It Is
A value added tax (VAT) is a consumption tax added to a product's sales price. It represents a tax on the "value added" to the product throughout its production process.
How It Works
The VAT system is invoice-based. Each seller in the product chain includes a VAT charge on the buyer's invoice. Under a VAT taxation system, all sellers collect the tax and then pay it to the government. The VAT gives sellers along the supply chain a direct economic motivation to collect the tax, thereby reducing the incidence of tax evasion.
Don't confuse the VAT with sales tax. Under a sales tax, the tax is collected only once at the consumer's point of purchase. The VAT tax, however, is collected every time a business purchases products from other businesses within the product's supply chain.
Why It Matters
The VAT is a highly efficient flat consumption tax that reduces the incidence of non-compliance. More than 100 countries have adopted it -- with rates ranging from 10% - 25%.
Investors who are looking for safer overseas investments should consider whether the prospective country uses a VAT, which indicates a more stable fiscal environment.
VAT Defined for English Language Learners
Definition of vat for English Language Learners
: a large container (such as a tub or barrel) used especially for holding liquids
VAT Defined for Kids
Seen and Heard
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