Main Entry: ¹ex·cise

Pronunciation: \ˈek-ˌsīz, -ˌsīs\

Function: noun

Etymology: obsolete Dutch excijs (now accijns), from Middle Dutch, probably modification of Old French assise session, assessment — more at assize

Date: 15th century

1 : an internal tax levied on the manufacture, sale, or consumption of a commodity
2 : any of various taxes on privileges often assessed in the form of a license or fee