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“ad valorem”
ad valorem; ad val., ad v., a/v; ad valorem tax
According to value or per unit of value; that is, divided by the price.
Many states and federal governments tax energy extraction in this manner.
It also refers to taxes: "In proportion to invoiced value of goods." A term used when imposing customs and stamp duty, the duty increasing according to the value of the transaction of goods involved. Pronounced in English as: ad vuh LOH ruhm.
This entry is located in the following units:
ad-
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Latin Proverbs, Mottoes, Phrases, and Words: Group A
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valid-, val-, vale-, -vail, -valent, -valence
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