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Valor is honor plus dignity. Itâs gallant bravery and strength, especially on the battlefield or in the face of danger. Saint George displayed valor when he finally slayed the dragon. Itâs a trait fit for a hero. Valor comes from the Latin valorem for âstrength, moral worth,â with the sense of âcourageâ added later. Valor is often displayed in the face of something designed to crush it, like a battle in a war, and it is often rewarded with the conferring of a medal.
An ad valorem tax (Latin for according to value) is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).