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 Definition of 'vat':

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1. (noun) VAT, value-added tax, ad valorem tax
a tax levied on the difference between a commodity's price before taxes and its cost of production


2. (noun) tub, vat
a large open vessel for holding or storing liquids



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"vat." Definitions.net. STANDS4 LLC, 2008. 7 September. 2008. http://www.definitions.net/definition/vat
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