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. Abbreviation: ad val.  a.v..  A/V. (of taxes) in proportion to the estimated value of the goods taxed

Word History and Origins

Origin of ad valorem¹

< Latin: literally, according to the worth

Word History and Origins

Origin of ad valorem¹

from Latin