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Meaning of ad valorem

 

 

 

Ad valorem

 

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Business glossary

 

Meaning of term ad valorem :

 

Ad valorem literally means value added. It is generally used to refer to a tax (an ad valorem tax) that is a percentage of the price of the product. An example of an ad valorem tax would be VAT.

 

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Ad valorem

 

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Meaning of term ad valorem

 

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