LEGAL WORD
Ad valorem
Latin phrase · Tax law
Ad valorem
- Type: Latin phrase
- Area of law: Tax law
1 What it means
According to value. A tax or duty calculated as a percentage of value.
2 Use it in a sentence
Stamp duty on the sale deed was charged ad valorem.
3 Make it stick
Write your own sentence using Ad valorem about a case or topic you are studying this week, then check it against the meaning above.
4 Related words
Legal dictionary: all 366 words · Today's Word of the Day · Weekly quiz
Educational content only, not legal advice.