Meaning Of The Word Ad valorem

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Ad valorem Meaning

Ad valorem Definition
Ad valorem Definition

What's The Definition Of Ad valorem?

ad valorem in American English
in proportion to the value
in proportion to the value (used esp. of duties on imports that are fixed at a percentage of the value as stated on the invoice)

ad valorem in Finance
adjective: An ad valorem tax is charged at the estimated value of the goods being taxed.

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