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Know more about mortgage loan
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Economic Events Calendar
20 May 2013
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Ad Valorem
It means ‘According to value’.
Ad Valorem Tax
It is a duty imposed on commodities in proportion to their value, i.e. a duty expressed as a percentage and not a flat amount. It is commonly used in respect of import tariffs.
Anti-inflation
Description of a policy adopted by the government with the intention of preventing or reducing inflation
Appropriation-in-Aid
It means an item in the estimates of a Government Department which records any revenue received from the sale of goods and services to the public; the effect of such an item is to reduce the amount of money required from the Exchequer during the coming financial year.