ad valorem

[ad vuh-lawr-uh m, -lohr-]

adjective, adverb

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).

Origin of ad valorem

< Latin: literally, according to the worth Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for ad valorem

Historical Examples of ad valorem

British Dictionary definitions for ad valorem

ad valorem

adjective, adverb

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

Word Origin for ad valorem

from Latin
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for ad valorem

type of customs duties, 1711, Latin, "in proportion to the value" (see value).

Online Etymology Dictionary, © 2010 Douglas Harper