ad valorem

3 definitions found

ad valorem - Collaborative International Dictionary of English v.0.48 :

  Ad valorem \Ad va*lo"rem\ [L., according to the value.] (Com.)
     A term used to denote a duty or charge laid upon goods, at a
     certain rate per cent upon their value, as stated in their
     invoice, -- in opposition to a specific sum upon a given
     quantity or number; as, an ad valorem duty of twenty per
     cent.
     [1913 Webster]

ad valorem - WordNet (r) 2.1 (2005) :

  ad valorem
      adv 1: in proportion to the estimated value of the goods taxed;
             "the goods were taxed ad valorem" [syn: ad val, ad  valorem
             ]

ad valorem - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  AD VALOREM. According to the value. This Latin term is used in commerce in
  reference to certain duties, called ad valorem duties, which are levied on
  commodities at certain rates per centum on their value. See Duties; Imposts;
  Act of Cong. of March 2, 1799, s. 61 of March 1, 1823 s. 5.