

[lev-ee] Pronunciation Key noun, plural lev·ies, verb, lev·ied, lev·y·ing. | 1. | an imposing or collecting, as of a tax, by authority or force. |
| 2. | the amount owed or collected. |
| 3. | the conscription of troops. |
| 4. | the troops conscripted. |
| 5. | to impose (a tax): to levy a duty on imports. |
| 6. | to conscript (troops). |
| 7. | to start or wage (war). |
| 8. | to seize or attach property by judicial order. |
] Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
[lee-vee, lev-ee for 1; lee-vee, -vahy for 2] Pronunciation Key | 1. | Uriah Phillips, 1792–1862, U.S. naval commander. |
| 2. | a male given name. |
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
| lev·y
(lěv'ē) Pronunciation Key
v. lev·ied, lev·y·ing, lev·ies v. tr.
v. intr. To confiscate property, especially in accordance with a legal judgment. n. pl. lev·ies
[Middle English levien, from leve, levy, tax, from Old French levee, from feminine past participle of lever, to raise; see lever.] lev'i·er n. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
levy (v.)
| levy | |
noun | |
| 1. | a charge imposed and collected |
| 2. | the act of drafting into military service |
verb | |
| 1. | impose and collect; "levy a fine" |
| 2. | cause to assemble or enlist in the military; "raise an army"; "recruit new soldiers" [syn: recruit] |
Levy
To collect or assess money that is due.
Investopedia Commentary
An example of levying is the government assessing how much tax you owe, or a regulatory agency fining you for not paying what you owe.
Related Links
Tax Tips For The Individual Investor
See also: Corporate Tax, Taxes
Main Entry: levy
Pronunciation: 'le-vE
Function: noun
Inflected Form: plural lev·ies
1 : an act of levying: as a : the imposition or collection of a tax b : the seizure according to a writ of execution of real or personal property in a judgment debtor's possession to satisfy a judgment debt
2 : an amount levied : TAX
Main Entry: levy
Function: verb
Inflected Forms: lev·ied; levy·ing
transitive verb 1 : to impose or collect (as a tax or fine) with authority
2 : to enforce or carry into effect (a writ of execution) —compare ATTACH, GARNISH intransitive verb : to enforce a writ of execution or attachment; specifically : to make a seizure of real or personal property in a judgment debtor's possession
Levy County, FL (county, FIPS 75) Location: 29.27748 N, 82.78985 W
Population (1990): 25923 (12307 housing units)
Area: 2896.8 sq km (land), 761.4 sq km (water)
Levy
Lev"y\ (-[y^]), n.; pl. Levies (-[i^]z). [A contr. of elevenpence or elevenpenny bit.] A name formerly given in Pennsylvania, Maryland, and Virginia to the Spanish real of one eighth of a dollar (or 121/2 cents), valued at eleven pence when the dollar was rated at 7s. 6d.Levy
Lev"y\, n. [F. lev['e]e, fr. lever to raise. See Lever, and cf. Levee.]1. The act of levying or collecting by authority; as, the levy of troops, taxes, etc. A levy of all the men left under sixty. --Thirlwall. 2. That which is levied, as an army, force, tribute, etc. " The Irish levies." --Macaulay. 3. (Law) The taking or seizure of property on executions to satisfy judgments, or on warrants for the collection of taxes; a collecting by execution. Levy in mass [F. lev['e]e en masse], a requisition of all able-bodied men for military service.Levy
Lev"y\, v. t. [imp. & p. p. Levied (l[e^]v"[i^]d); p. pr. & vb. n. Levying.]1. To raise, as a siege. [Obs.] --Holland. 2. To raise; to collect; said of troops, to form into an army by enrollment, conscription, etc. Augustine . . . inflamed Ethelbert, king of Kent, to levy his power, and to war against them. --Fuller. 3. To raise or collect by assessment; to exact by authority; as, to levy taxes, toll, tribute, or contributions. If they do this . . . my ransom, then, Will soon be levied. --Shak. 4. (Law) (a) To gather or exact; as, to levy money. (b) To erect, build, or set up; to make or construct; to raise or cast up; as, to levy a mill, dike, ditch, a nuisance, etc. [Obs.] --Cowell. --Blackstone. (c) To take or seize on execution; to collect by execution. To levy a fine, to commence and carry on a suit for assuring the title to lands or tenements. --Blackstone. To levy war, to make or begin war; to take arms for attack; to attack.Levy
Lev"y\, v. i. To seize property, real or personal, or subject it to the operation of an execution; to make a levy; as, to levy on property; the usual mode of levying, in England, is by seizing the goods. To levy on goods and chattels, to take into custody or seize specific property in satisfaction of a writ.Levy
(1 Kings 4:6, R.V.; 5:13), forced service. The service of tributaries was often thus exacted by kings. Solomon raised a "great levy" of 30,000 men, about two per cent. of the population, to work for him by courses on Lebanon. Adoram (12:18) presided over this forced labour service (Ger. Frohndienst; Fr. corvee).
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