18 December 2018
ad valorem
[ad vuh-lawr-uh m, -lohr-]
adjective, adverb
– in proportion to the value (used especially of duties on imports that are fixed at a percentage of the value as stated on the invoice).
Origin of ad valorem
Latin: literally, according to the worth
Dictionary.com
Examples from the Web for ad valorem
Historical Examples
This method is sometimes called the rational or ad valorem method.
The Economic Aspect of Geology
C. K. Leith
I trust the tariff of Heaven has an ad valorem scale for them—and all of us.
The Autocrat of the Breakfast-Table
Oliver Wendell Holmes
There is an ad valorem duty of 8% on imports and of about 1% on exports.
Encyclopaedia Britannica, 11th Edition, Volume 9, Slice 1
Various
Ad valorem is a Latin phrase, signifying according to the value.
The Government Class Book
Andrew W. Young
Down to the year 1834 the duty was an ad valorem one of 96 per cent.
The Commercial Products of the Vegetable Kingdom
P. L. Simmonds
Today’s quote
Music is an incomparably more powerful means and is a subtler language for expressing the thousand different moments of the soul’s moods.
– Pyotr Ilyich Tchaikovsky
On this day
18 December 1655 – The Whitehall Conference ends with the determination that there was no law preventing Jews from re-entering England after the Edict of Expulsion of 1290.
18 December 1878 – birth of Joseph Stalin, Georgian-Russian marshal and politician, 4th Premier of the Soviet Union, died from suspected poisoning 5 March 1953.
18 December 1892 – Premiere performance of The Nutcracker by Pyotr Ilyich Tchaikovsky in Saint Petersburg, Russia.
18 December 1942 – U.S. B24 Liberator bomber crashes into Mt Straloch on Hinchinbrook Island, North Queensland. All 29 persons on board were killed. Because of the rugged terrain and monsoonal ‘wet’ season, the bodies were not recovered for some months. The plane had flown from Amberley air base, near Brisbane, to Garbutt air base in Townsville to pick up passengers. The plane crashed during a violent storm, shortly after departure from Garbutt. It was on its way to Iron Range air base, near Lockhardt River, North Queensland.
18 December 1943 – birth of Keith Richards, English guitarist, singer, songwriter and founding member of the classic rock band, The Rolling Stones.
18 December 1963 – birth of Brad Pitt, American actor.