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TeachMeFinance.com - explain Ad valorem duty Ad valorem duty The term 'Ad valorem duty ' as it applies to the area of agriculture can be defined as ' A tariff expressed as a fixed percentage of the value of the imported commodity or product. Generally, by contrast, a specific duty is applied as a charge on each unit or specified quantity of an imported item (i.e., $5 per ton)'. Previous 5 Terms: Acute toxicity Acute toxicity ACWA ACYC AD Next 5 Terms: ADA Adaptation ADAPTATION (ADAPTABLE) PARAMETER ADAS ADC About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.