levy

¹levy

noun \ˈle-vē\

plural lev·ies

Definition of LEVY

1

a : the imposition or collection of an assessment b : an amount levied

2

a : the enlistment or conscription of men for military service b : troops raised by levy

Examples of LEVY

1. <the legislators approved a new levy on imported cattle to help protect American ranchers>

Origin of LEVY

Middle English, from Anglo-French levé, literally, raising, from lever to raise — more at lever

First Known Use: 13th century

Related to LEVY

Synonyms: assessment, duty, imposition, impost, tax

Related Words: direct tax, personal tax; capitation, custom(s), excise, hidden tax, income tax, poll tax, property tax, sales tax, single tax, sin tax, tariff, toll, tribute, value-added tax, withholding tax; supertax, surcharge, surtax; death tax, estate tax, inheritance tax; flat tax, proportional tax

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Other Economics Terms

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

Rhymes with LEVY

bevy, heavy, levee