AD VALOREM


Meaning of AD VALOREM in English

|advə|lōrəm, -ȯr-, -ˌrem adjective

Etymology: Latin, according to the value

1. of a tax on goods : imposed at a rate percent of the value as stated in an invoice rather than as a specific sum for a given quantity or number

2. of a property tax : levied according to assessed value — abbr. ad val.

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.