Definition of Ad valorem. Meaning of Ad valorem. Synonyms of Ad valorem
Here you will find one or more explanations in English for the word Ad valorem.
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Definition of Ad valorem
Ad valorem 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.