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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
Thus a duty of 50 per cent on the value of imported woolen goods is an example of an ad valorem duty.
We know that one of the competitors has already proposed to go into the debit system on an ad valorem basis.
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.
The enumerated articles were not to be subject to the ad valorem duty of five per centum.
The Tax Collector merges the non ad valorem assessments into the certified tax roll.
Are you prepared to make an ironclad agreement to that effect, that there will be no ad valorem charges to debit cards?

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