ad valorem

[ ad vuh-lawr-uh m, -lohr- ]
/ æd vəˈlɔr əm, -ˈloʊr- /

adjective, adverb

in proportion to the value (used especially of duties on imports that are fixed at a percentage of the value as stated on the invoice).

Origin of ad valorem

< Latin: literally, according to the worth

Example sentences from the Web for ad valorem

British Dictionary definitions for ad valorem

ad valorem
/ (æd vəˈlɔːrəm) /

adjective, adverb

(of taxes) in proportion to the estimated value of the goods taxed Abbreviation: ad val, a.v., A/V

Word Origin for ad valorem

from Latin