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ad valorem

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

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 British  
/ æd vəˈlɔːrəm /

adjective

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

"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

Etymology

Origin of ad valorem

< Latin: literally, according to the worth

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Ad valorem is a Latin phrase, signifying according to the value.

From The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens. by Young, Andrew W.

Ad valorem duties are levied at a certain rate per cent on the value of the articles taxed.

From Citizenship A Manual for Voters by Cromwell, Emma Guy

Ad valorem duties are a certain rate per cent upon the invoice value of the goods.

From Rural Health and Welfare by Fairchild, George Thompson