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ad valorem

created by bluerootz

(definition) by Webster 1913 (print) Tue Dec 21 1999 at 21:39:43

Ad va*lo"rem (#). [L., according to the value.] Com.

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.

 

© Webster 1913.


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