Meaning of AD VALOREM in English

Use in sentences of AD VALOREM

Meaning of AD VALOREM in English

• 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.
• 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.

Synonyms of ‘AD VALOREM’

Antonyms of ‘AD VALOREM’

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