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What does ad valorem mean?

Looking for the meaning or definition of the word ad valorem? Here's what it means.

Adverb
  1. Measured by or in proportion to value.
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Examples
The enumerated articles were not to be subject to the ad valorem duty of five per centum.
They pointed out that while most minerals had fully ad valorem rates of royalty at present, iron ore, limestone and dolomite had tonnage-based royalty.
Are you prepared to make an ironclad agreement to that effect, that there will be no ad valorem charges to debit cards?
As stated above, the purpose of the minimum price is the same as that of an ad valorem duty, i.e. to remove the effects of the injurious dumping.
We know that one of the competitors has already proposed to go into the debit system on an ad valorem basis.
An ad valorem tax would most certainly have quite eliminated the fifty, the one hundred, and the two hundred per cents of profit.

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