ad valorem

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

adjective

1. 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 /

adjective

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

Word History and Origins

Origin of ad valorem¹

< Latin: literally, according to the worth

Word History and Origins

Origin of ad valorem¹

from Latin

Example Sentences

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg