ad valorem Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "ad valorem" - Business English Dictionary

ad valorem

adjective
 
 
FINANCE, TAX
an ad valorem payment, rate, or tax is calculated according to the price of a product or service, rather than at a fixed rate: Companies receive subsidies in the form of simple ad valorem payments based on the size of their export sales. 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)
What is the pronunciation of ad valorem?
Add Cambridge dictionaries to your browser to your website
Word of the Day
child benefit

money received regularly by families from the government to help pay for the costs of taking care of children

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More