AD VALOREM TAX

Pronunciation (US):

(GB):

 Dictionary entry overview: What does ad valorem tax mean? 

• AD VALOREM TAX (noun)
  The noun AD VALOREM TAX has 1 sense:

1. a tax levied on the difference between a commodity's price before taxes and its cost of production

  Familiarity information: AD VALOREM TAX used as a noun is very rare.

 Dictionary entry details 

• AD VALOREM TAX (noun)

Sense 1

Meaning:

A tax levied on the difference between a commodity's price before taxes and its cost of production

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

ad valorem tax; value-added tax; VAT

Hypernyms ("ad valorem tax" is a kind of...):

excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))