Reference meaning
VAT
Last updated
a tax levied on the difference between a commodity's price before taxes and its cost of production
Related source terms
value-added taxad valorem tax
Other meanings
2. noun
a large open vessel for holding or storing liquids
Source and scope
This definition is reproduced from Princeton WordNet 3.0, sense 13316722-n, under the WordNet 3.0 License. It has not yet received VocabularyBase editorial review. Read the source and license details.