Business Dictionary :
Admission, Admit, Admittance and Adopt
Admission : noun :
(a) allowing someone to go in
• There is a £I admission charge.
• Admission is free on presentation of this card.
• Free admission on Sundays
(b) saying that something really happened
• He had to resign after his admission that he had passed information to the rival company.
Admit : verb :
(a) to allow someone to go in
• Children are not admitted to the bank.
• Old age pensioners are admitted at half price.
(b) to say that something is correct
(c) to say that something really happened
• The chairman admitted he had taken the cash from the company's safe.
NOTE : admitting & admitted
Admittance : noun : allowing someone to go in
• No admittance except on business
NOTE : no plural
Adopt : verb : to agree to (something) or to accept something
• To adopt a resolution
• The proposals were adopted unanimously.
Ad Valorem : phrase : showing that a tax is calculated according to the value of the goods taxed
• Ad Valorem Duty
• Ad Valorem Tax
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