ad valorem tax
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Definition from Nolo's Plain-English Law Dictionary ...
Ad Valorem
adj. latin phrase for "according to the value." It is used in reference to certain duties, called ad valorem duties, which are levied on commodities at certain rates per centum on their value.
AD Valorem: a term from latin meaning, "according to value."
Admeasurement: the confirmed or official dimensions of a ship.
ad valorem According to value, as determined by assessment, invoice, or appraisal.
adduce To present, bring forward, or offer; used with reference to evidence.
Ad Valorem - According to the value. For example, an ad valorem tax on an automobile is one where the tax depends on the value of the automobile.
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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.
by such high prices of corn, and so little advantage to the revenue, that parliament in 1663 reduced the duties on import to 9% ad valorem, while at the same time raising the price at which export ceased to 48s.
PAGODA
comm. law. A denomination of money in Bengal. In the computation of ad valorem duties, it is valued at one dollar and ninety-four cent s. Act of... more ...
See also: capital gains estate tax franchise tax gift tax income tax unified estate and gift tax use tax ad valorem
The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications ...
To burden a property, as with a debt or obligation.
Example: The prior owner encumbered the property by taking out a mortgage and failing to pay ad valorem taxes.
Thesaurus:
encumber ...
 See also: Law, Person, Property, Estate, Accord
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