Definition of 'vat'

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Definitions of 'vat'

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' - Nearby Entries
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"vat." Definitions.net. STANDS4 LLC, 2009. 5 July. 2009. http://www.definitions.net/definition/vat

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