VAT (n.)

  1. a tax levied on the difference between a commoditys price before taxes and its cost of production

    [ Syn: vat , value-added tax , ad valorem tax ]

  2. a large open vessel for holding or storing liquids

    [ Syn: tub ]

The dictionary is based on the WordNet Electronic Lexical Database.
WordNet 3.0 Copyright 2011 by Princeton University. All rights reserved.