Vat
Noun
1.
VAT
- a tax levied on the difference between a commodity's price before taxes and its cost of production
ad valorem tax
,
value-added tax
excise
,
excise tax
- a tax that is measured by the amount of business done (not on property or income from real estate)
2.
vat
- a large open vessel for holding or storing liquids
tub
vessel
- an object used as a container (especially for liquids)
washtub
- a tub in which clothes or linens can be washed
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