ad valorem [adverb]

Definition of ad valorem:

in proportion to the estimated value of the goods taxed

Synonyms of ad valorem:

● Ad val

● Pro rata

● Ad valorem customs duty

● Ad valorem duty


Opposite/Antonyms of ad valorem:

● Arbitrarily

● Disproportionately

● Incommensurately

● Inordinately


Sentence/Example of ad valorem:

The negative impact of specific tariffs offset the benefits of lower ad valorem tariffs.