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Ad valorem   Listen
phrase
Ad valorem  phr.  (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.






Collaborative International Dictionary of English 0.48








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Words linked to "Ad valorem" :   ad valorem tax



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