AD VALOREM

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AD VALOREM

AD VALOREM. According to the value. This Latin term is used in commerce in reference to certain duties, called ad valorem duties, which are levied oncommodities at certain rates per centum on their value. See Duties; Imposts;Act of Cong. of March 2, 1799, s. 61 of March 1, 1823 s. 5.

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