VAT
noun
a tax levied on the difference between a commodity''s price before taxes and its cost of production
Origin
Inherited from Middle English vat, a dialectal variant of fat (“vat, vessel, cask”), from Old English fæt (“vat, vessel”), from Proto-West Germanic *fat, from Proto-Germanic *fatą (“vessel”), from Proto-Indo-European *pod- (“vessel”). Cognate with Scots fat, vat, vautt (“vat, cask, tub”), West Frisian fet, Dutch vat (“barrel, cask, vessel, vat”), German Fass (“barrel, keg, drum, cask, vat”), Danish fad (“saucer, dish”), Swedish fat (“dish, barrel, cask, vat”), Icelandic fat (“dish, saucer”). See Etymology 3 of fat.
Phrases
- junk vat
- vat dye
- vat jade green
Related words
Narrower terms
WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.