Vat (Noun)
Meaning 1
A large open vessel for holding or storing liquids.
Classification
Nouns denoting man-made objects.
Examples
- The brewery stored its fermented beer in large wooden vats before bottling.
- The factory's vats were filled with chemicals that needed to be mixed carefully.
- The vats of bubbling wine sat in the cellar, waiting to be aged.
- A worker carefully stirred the liquid in the vat to ensure even consistency.
- The company invested in stainless steel vats to replace their old, rusty containers.
Synonyms
Hypernyms
Hyponyms
Meaning 2
A tax levied on the difference between a commodity's price before taxes and its cost of production.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government imposes a vat on many consumer goods to generate revenue for public services and infrastructure.
- Companies must pay vat on the goods they sell, and can claim back the vat they paid on the goods they purchased.
- Value-added tax, or vat, is collected by the state from the seller and typically ranges from 5 to 20 percent of the sale price.
- In countries with a vat system, businesses often have to register as vat payers to collect and pass on the tax.
- The total cost of the imported goods was inflated by the vat applied to their sale price.