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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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"Ad valorem" Quotes from Famous Books



... protection, the Payne-Aldrich tariff. For the first time in the experience of the United States this tariff incorporated the principle of minimum and maximum schedules. The maximum rates, fixed at twenty-five per cent ad valorem above the normal or minimum rates, were to be enforced upon the goods of any country which had not, before March 10, 1910, satisfied the President that it did not discriminate against the products of the United States. ...
— The Canadian Dominion - A Chronicle of our Northern Neighbor • Oscar D. Skelton

... increases upon the then existing Wilson-Gorman bill. The first would put into the hands of the President a power that was not enjoyed by any ruler in Christendom; the second would add to the unfair and discriminatory tariff rates then in force, by making ad valorem increases in them. Many new members of Congress had been elected on the two issues thus created: the arbitrary increase of the bonded indebtedness by President Cleveland to maintain a gold reserve; ...
— Under the Prophet in Utah - The National Menace of a Political Priestcraft • Frank J. Cannon and Harvey J. O'Higgins

... to tell you, boys," says he, "that Nicaragua slapped an import duty of 48 per cent. ad valorem on all bottled goods last month. The President took a bottle of Cincinnati hair tonic by mistake for tobasco sauce, and he's getting ...
— The Trimmed Lamp and Others • O Henry



Words linked to "Ad valorem" :   ad valorem tax, ad val



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