Meaning & Definition of word "Iva"

Iva

/ˈivə/

noun:

  • 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.

Etymology

Spanish, from 'impuesto sobre el valor añadido'

Common Phrases and Expressions

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.

Related Words

tax:

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

fee:

A payment made for services rendered.

Slang Meanings of iva

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.