TESTfunda Daily Wordlist 26-Jun-13
If you're having trouble viewing this email, see today's Wordlist on the Web. 26-Jun-13 TestFunda Home | Sign up for Newsletters | Feedback Daily Wordlist Vocabulary Flashcards | Vocabulary Test | Previous Wordlists ad valorem [ ad vuh'-LAWR-uh'm, -LOHR- ] [ adjective, adverb ] MEANING : 1. (adj.) in proportion to the value, used especially of taxes on goods that are fixed at a percentage of the value 2. (adv.) in proportion to the estimated value of the goods taxed USAGE EXAMPLE 1 : An ad valorem tax is the need of the hour. USAGE EXAMPLE 2 : The specific excise duty, which would be in addition to the existing ad valorem duty of 24 per cent, would come into force with immediate effect. The Times of India, Govt slaps additional duty on fuel guzzling cars, 13 Jun 2008 affectation [ af-ek-TEY-...