What does AD VAL mean in Latin?

This page is about the meanings of the acronym/abbreviation/shorthand AD VAL in the International field in general and in the Latin terminology in particular.

Ad Valorem (according to value)

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Definition

What does AD VAL mean?

ad val, ad valorem(adverb)
in proportion to the estimated value of the goods taxed

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"AD VAL." Abbreviations.com. STANDS4 LLC, 2016. Web. 29 Sep. 2016. <http://www.abbreviations.com/term/545819>.