noun \ˈle-vē\

: an amount of money that must be paid and that is collected by a government or other authority

plural lev·ies

Full Definition of LEVY

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

Other Economics Terms

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

Rhymes with LEVY



: to use legal authority to demand and collect (a fine, a tax, etc.)


Full Definition of LEVY

transitive verb
a :  to impose or collect by legal authority <levy a tax>
b :  to require by authority
:  to enlist or conscript for military service
:  to carry on (war) :  wage
intransitive verb
:  to seize property
levi·er noun

Examples of LEVY

  1. They levied a tax on imports.
  2. The government will levy a fine on the company.

First Known Use of LEVY

14th century

Related to LEVY

Rhymes with LEVY


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