VAT

Pronunciation (US): (GB):

Irregular inflected forms: vatted , vatting

Meaning:

A large open vessel for holding or storing liquids

Synonyms:

tub; vat

Classified under:

Nouns denoting man-made objects

Hypernyms ("vat" is a kind of...):

vessel (an object used as a container (especially for liquids))

Hyponyms (each of the following is a kind of "vat"):

washtub (a tub in which clothes or linens can be washed)

Meaning:

A tax levied on the difference between a commodity's price before taxes and its cost of production

Synonyms:

ad valorem tax; value-added tax; VAT

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("VAT" is a kind of...):

excise; excise tax (a tax that is measured by the amount of business done (not on property or income from real estate))