ad valorem

[ ad vuh-lawr-uhm, -lohr- ]
/ æd vəˈlɔr əm, -ˈloʊr- /

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).

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Origin of ad valorem

<Latin: literally, according to the worth
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for ad valorem

British Dictionary definitions for ad valorem

ad valorem
/ (æd vəˈlɔːrəm) /

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