| Library / English Dictionary |
VAT
| Pronunciation (US): |  | (GB): | |
Irregular inflected forms: vatted , vatting
I. (noun)
Sense 1
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)
Sense 2
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))
