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| Definition Of: |
Ad Valorem
1) A freight rate set at a certain percentage of the value of an article; 2) A set percentage of the value of dutiable goods determined by the price at the port of shipment and calculated for duty assessment. (TNDOT1)
A charge levied on persons or organizations based on the value of transaction. It is normally a given percentage of the price at the retail or manufacturing stage and is a common form of sales tax; e.g. Federal excise tax on new trucks and trailers. (ATA2)
In proportion to the value.
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Transportation Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 4 5 6 A: Page 1 of 6.
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