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