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levy

 - 8 dictionary results
IRS Wage Levy Relief
Release an IRS wage levy and become completely tax debt free.
Bills.com

lev⋅y

  [lev-ee] noun, plural lev⋅ies, verb, lev⋅ied, lev⋅y⋅ing.
Use levy in a Sentence
–noun
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.
–verb (used with object)
5. to impose (a tax): to levy a duty on imports.
6. to conscript (troops).
7. to start or wage (war).
–verb (used without object)
8. to seize or attach property by judicial order.
Origin:
1375–1425; late ME leve(e) < MF, n. use of fem. ptp. of lever to raise < L levāre, akin to levis light; cf. levee 2

Synonyms:
6. draft, enlist, callup.
IRS Wage Levy Relief
Release an IRS wage levy and become completely tax debt free.
Bills.com

Le⋅vy

  [lee-vee, lev-ee for 1; lee-vee, -vahy for 2]
–noun
1. Uriah Phillips, 1792–1862, U.S. naval commander.
2. a male given name.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To levy
lev·y   (lěv'ē)   
v.   lev·ied, lev·y·ing, lev·ies

v.   tr.

  1. To impose or collect (a tax, for example).

  2. To draft into military service.

  3. To declare and wage (a war).

v.   intr.
To confiscate property, especially in accordance with a legal judgment.
n.   pl. lev·ies

  1. The act or process of levying.

  2. Money, property, or troops levied.


[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 © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

levy  (v.)
1227, "act of raising or collecting," from Anglo-Fr. leve, from O.Fr. levée "act of raising," noun use of fem. pp. of lever "to raise" (see lever). Originally of taxes, later of men for armies (1500). The noun meaning "an act of levying" is from 1427.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

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

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

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 levy of 3% on income up to $10,000 —D. Q. Posin>

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 levy stiffer penalties for some safety violations —National Law Journal>
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 on his merchandise —J. J. White and Railroad S. Summers>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Bible Dictionary

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).

Easton's 1897 Bible Dictionary
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