alcavala

C2 Topic:Money & Finance
US /ˌælkəˈvɑlə/ UK /ˌælkəˈvɑːlə/
noun

Meanings

  1. 1
    noun

    historical: a Spanish sales tax charged on transfers of movable or immovable property, often at each successive sale

    Because the alcavala was collected whenever goods changed hands, it burdened trade at several stages.

Thesaurus

Synonyms
1 noun · historical: a spanish sales... sales taxtransfer taximpost
Opposites
tax exemption
Word family
Related forms alcabalaexcisecustoms duty

Etymology

Borrowed from Spanish alcabala, also historically alcavala, from Andalusian Arabic al-qabala ('the tax, duty'), related to Arabic qabala ('to receive'). The English spelling with v is well established in historical economic writing.

Topics

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