[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
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Examples from the Web for ad valorem
Historical Examples of ad valorem
- (of taxes) in proportion to the estimated value of the goods taxedAbbreviation: ad val, a.v., A/V
Word Origin for ad valorem
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
type of customs duties, 1711, Latin, "in proportion to the value" (see value).
Online Etymology Dictionary, © 2010 Douglas Harper