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Vaticanism
vaticinate
vatu
vaudeville
vault (1)
vault (2)
vault cash
vaulting (1)
vaulting (2)
vaulting horse
vaunt
vaunt-courier
vaunted
vav
vavasor
vb.
VBAC
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VAT
VAT [ v ay t, vat ] or V.A.T [ v ay t, vat ]


noun 
Definition:
 
tax on value of product: a tax on the increased value of a product or service added at each stage of its production or distribution, paid by the consumer.
Full form  value-added tax
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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