What is another word for ad valorem?
Pronunciation: [ˈad vˈalɒɹəm] (IPA) 
Ad valorem is a Latin term that means "according to value". As a financial term, it is commonly used to describe a tax or duty that is calculated based on the value of the taxed item or product. There are several synonyms for ad valorem that include a percentage-based tax, value-added tax, customs duty, or excise tax. Each of these synonyms describes a type of tax that is based on the value of a product or item. The use of synonyms for financial terms helps to promote clear communication and understanding between individuals and organizations involved in financial transactions and activities.
