ad valorem Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “ad valorem” in the English Dictionary

"ad valorem" in Business English

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ad valoremadjective

uk   us   FINANCE, TAX
an ad valorem ​payment, ​rate, or ​tax is ​calculated according to the ​price of a ​product or ​service, rather than at a ​fixedrate: Companies receive ​subsidies in the ​form of simple ad valorem ​paymentsbased on the ​size of their ​exportsales. We ​think an ad valorem ​tax is the best because every ​time the ​price goes up the ​tax goes up. Some would say that ​imposing an ad valorum ​tariff would be likely to be ​inflationary.
(Definition of ad valorem from the Cambridge Business English Dictionary © Cambridge University Press)
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