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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.
Ad Valorem. According to value. The term ad valorem is derived from the Latin ad valentiam, meaning to the value.. It is commonly applied to a tax imposed on the value of property. Real property taxes that are imposed by the states, counties, and cities are the most common type of ad valorem taxes.