value-added

[val-yoo-ad-id]

noun

1. something, as an item of equipment, that has been added to a product by a marketer or distributor to warrant a markup in the retail price.

adjective

1. of, relating to, or supplying value-added.

   software supplied by a value-added distributor.

value added

noun

1. the difference between the total revenues of a firm, industry, etc, and its total purchases from other firms, industries, etc. The aggregate of values added throughout an economy ( gross value added ) represents that economy's gross domestic product

Word History and Origins

Origin of value-added¹

First recorded in 1930–35