Ad Val

Pronunciation: /æd væl/

Definitions of ad val

noun A Latin term meaning 'according to value' used in finance and taxation to refer to a tax or charge based on the assessed value of a transaction or property.

Example Sentences

A1 I bought a new ad val for my kitchen.

A2 The ad val was on sale at the store.

B1 The ad val I purchased was made of high-quality materials.

B2 She decided to upgrade her ad val to a more modern design.

C1 The ad val in the showroom caught my eye with its sleek design.

C2 The ad val I ordered online arrived in perfect condition.

Examples of ad val in a Sentence

formal The ad valorem tax is calculated based on the value of the goods being imported.

informal I heard they're charging an ad val tax on all luxury items.

slang I can't believe how much ad val they're adding to these products!

figurative The ad val of her kindness cannot be measured in material terms.

Grammatical Forms of ad val

• past tense: ad valled
• plural: ad vals
• comparative: more ad val
• superlative: most ad val
• present tense: ad vals
• future tense: will ad val
• perfect tense: have ad valled
• continuous tense: is ad valing
• singular: ad val
• positive degree: very ad val
• infinitive: to ad val
• gerund: ad valing
• participle: ad valled

Origin and Evolution of ad val

First Known Use: 1601 year

Language of Origin: Latin

Story behind the word: The term 'ad val' is derived from the Latin phrase 'ad valorem', which translates to 'according to value'.

Evolution of the word: Originally used in the context of taxation to refer to duties or taxes calculated as a percentage of the value of goods or property, the term 'ad val' has evolved to also be used in finance and economics to describe the valuation of assets or investments based on their worth.