[ad vuh-lawr-uh m, -lohr-]
- 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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for ad valorem
- (of taxes) in proportion to the estimated value of the goods taxedAbbreviation: ad val, a.v., A/V
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