ad valorem

Definition of Ad Valorem in English :

1. ad val, ad valorem

in proportion to the estimated value of the goods taxed

Example Sentences:
'the goods were taxed ad valorem'

WordNet Lexical Database for English. Princeton University. 2010.

Ad Valorem

adjective, adverb

(of taxes) in proportion to the estimated value of the goods taxed

. Abbreviation: ad val, a.v., A/V

in proportion to the value

a phrase applied to certain duties and taxes levied on goods, property, etc. as a percentage of their value: abbrev. ad val.

adj.

In proportion to the value: ad valorem duties on imported goods.