Recent Examples of vat from the Web
At the end of the movie, in another plot tie-in, as a skeleton rises out of a vat of acid, another skeleton hidden in a box above the screen dropped down on a zip line and glided above the audience.
For one thing, nobody drowned in the vat of mayonnaise that was in the EverBank Field parking lot.
The samples are labelled, frozen and stored in five large vats of liquid nitrogen at -196°C.
Here, too, maverick winemakers ferment vintages in underground vats called qvevri, a 6,000-year-old practice.
Buyers who want to try a new product can buy tiny vats of expensive creams with fewer regrets.
This uber-Slurpee looked like a witches’ brew for a diabetes spell, though its Pixie-Stix-dissolved-in-a-vat-of-Kool-Aid taste was surprisingly non-disgusting.
Everyone thought they were engaged in June Once people noticed the matching diamond rings the two were rocking, rumors started to froth and bubble like a steaming vat of Polyjuice Potion.
But the thing people have to realize about smoke taint is that all the wine in vats and barrels is fine.
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
First Known Use: 12th centurySee Words from the same year
First Known Use of vat
Definition 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
VAT Defined for Kids
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