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Meaning & Definition of Vat in English

English

Vat

/væt/

noun

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

synonym:
  • VAT,
  • value-added tax,
  • ad valorem tax

2. A large open vessel for holding or storing liquids

synonym:
  • tub,
  • vat

Examples of using

If I were a brain in a vat, I wouldn't write this.