value-added

US /'vælju: 'ædɪd/

UK /'vælju: 'ædɪd/

B1

adjective

  • Having features that have been added to a product or service that make it worth more than its original cost.
  • Relating to a system of taxation where tax is added to the value of goods or services at each stage of production or distribution.

noun

  • A product or service that has been enhanced with additional features or services to increase its value to the customer.