excise


1ex·cise

noun \ˈek-ˌsīz, -ˌsīs\

: a tax on certain things that are made, sold, or used within a country

Full Definition of EXCISE

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

Examples of EXCISE

  1. an excise imposed on a number of goods

Origin of EXCISE

obsolete Dutch excijs (now accijns), from Middle Dutch, probably modification of Old French assise session, assessment — more at assize
First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2ex·cise

verb \ˈek-ˌsīz, -ˌsīs, ik-ˈsīz\
ex·cisedex·cis·ing

Definition of EXCISE

transitive verb
:  to impose an excise on

First Known Use of EXCISE

1652

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

3ex·cise

verb \ik-ˈsīz\
ex·cisedex·cis·ing

Definition of EXCISE

transitive verb
:  to remove by or as if by excision

Origin of EXCISE

Latin excisus, past participle of excidere, from ex- + caedere to cut
First Known Use: 1634

ex·cise

transitive verb \ik-ˈsīz\   (Medical Dictionary)
ex·cisedex·cis·ing

Medical Definition of EXCISE

: to remove by excision : resect <excise a tumor>

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