Meaning & Definition of word "Iva"

Iva

/ˈivə/

1. IVA refers to an Individual Voluntary Arrangement, which is a formal agreement with creditors to pay back debts over a period of time.
- Example: After consulting with a financial advisor, she decided to enter into an IVA to manage her debts.
2. In some contexts, IVA can also refer to a type of financial assurance or investment vehicle.
- Example: The new IVA product offers investors a safe way to grow their savings.
3. IVA can also stand for 'Initial Value Assessment,' commonly used in valuation for businesses.
- Example: The company's IVA was evaluated during the merger discussions.

Spanish, from 'impuesto sobre el valor añadido'

iva refund:

The process of reclaiming excess value-added tax paid.

calculate the iva:

To determine the amount of value-added tax applicable to a sale.

tax:

A financial charge imposed by a government on individuals or entities.

fee:

A payment made for services rendered.

Meaning: Informal term for cheating or exploiting tax regulations.

Example Sentence: He always finds a way to iva the system.

Meaning: Referring to overpriced goods due to high taxes.

Example Sentence: That store is known for its iva pricing.