Latin Terms and Phrases - A

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Ad valorem

TitleAd valorem
DetailsIn proportion to the value. Applied to revenue duties, which are calculated according to the value of the subject matter taxed e.g. the phrase ‘ad valorem Court fee’ is used to mean the Court fee which not fixed but which is to be paid upon the value of the subject matter.
Created OnMay 8, 2010, 8:05 PM