vat
noun
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Definition of vat
(Entry 1 of 3)
vat
verbDefinition of vat (Entry 2 of 3)
VAT
abbreviationDefinition of VAT (Entry 3 of 3)
Examples of vat in a Sentence
Recent Examples on the Web: Noun
Unfortunately, the genial, addled paraplegic doesn’t have the same kind of business acumen as the no-nonsense owner of the nearby rendering plant where deceased pets, livestock, and roadkill all end up in vats to be boiled down into tallow. — Peter Keough, BostonGlobe.com, "Doc Talk: More moon, more Morris, more music," 18 July 2019 In 2016, a gull named Gullfrazie fell into a vat of chicken tikka masala while trying to scavenge for food at a factory in Gloucestershire, the Guardian reported. — N'dea Yancey-bragg, USA TODAY, "A bright orange bird was rescued from the highway. Turns out it was just a seagull covered in curry," 8 July 2019 The fish fry features fish dredged in cornmeal, flour and spices and then cooked in vats of hot oil and served on a slice of white bread with hot sauce. — Grace Segers, CBS News, "Democratic candidates pitch South Carolina voters at fish fry," 22 June 2019 There are networks of silver pipes overhead, shiny vats of citric acid and huge sacks of sweet whey, dials and switches and hoppers where hot-pink peppermint candy is crushed into bits. — Globe Staff, BostonGlobe.com, "The birth of cool: The story behind the ice-cream sandwich, an icon at 120," 30 July 2019 Its 45,000-square-foot facility includes a massive beer program (the beer vats are located in the previous school gym!), cider and mead production, distilled spirits, and Ale’s Kitchen, which serves gourmet bar classics. — al.com, "24 Hours on the Downtown Huntsville Craft Beer Trail," 26 June 2019 The Holy Bible, by contrast, sounded harsh and claustrophobic; listening to it felt like being trapped in the bowels of a giant machine, surrounded by clanking pistons and rattling rivets and vats of bubbling oil. — Longreads, "Manic Street Preachers’ Album The Holy Bible," 25 June 2019 Murphy said the Fire Department was supporting the refinery team's operations, keeping the fire contained to the vat and cooling surrounding pipes and equipment with water. — Author: Patricia Madej, Anchorage Daily News, "Blast rips through Philadelphia refinery, triggering major fire," 21 June 2019 In addition to the gloves, Hill said that the towels used to clean the mixing vats also caused small lint to get embedded in the lipstick. — PEOPLE.com, "Jaclyn Hill Breaks Silence on Lipstick Controversy, Says They're Not Moldy or Contaminated," 13 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'vat.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for vat
VAT
abbreviationFinancial Definition of VAT
What It Is
A value added tax (VAT) is a consumption tax added to a product's sales price. It represents a tax on the "value added" to the product throughout its production process.
How It Works
The VAT system is invoice-based. Each seller in the product chain includes a VAT charge on the buyer's invoice. Under a VAT taxation system, all sellers collect the tax and then pay it to the government. The VAT gives sellers along the supply chain a direct economic motivation to collect the tax, thereby reducing the incidence of tax evasion.
Don't confuse the VAT with sales tax. Under a sales tax, the tax is collected only once at the consumer's point of purchase. The VAT tax, however, is collected every time a business purchases products from other businesses within the product's supply chain.
Why It Matters
The VAT is a highly efficient flat consumption tax that reduces the incidence of non-compliance. More than 100 countries have adopted it -- with rates ranging from 10% - 25%.
Investors who are looking for safer overseas investments should consider whether the prospective country uses a VAT, which indicates a more stable fiscal environment.
Source: Investing Answers
vat
noun
English Language Learners Definition of vat
See the full definition for vat in the English Language Learners Dictionary
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noun
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Kids Definition of vat
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VAT
nounLegal Definition of VAT
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