levy

noun
\ ˈle-vē \
plural levies

Definition of levy 

(Entry 1 of 2)

1a : the imposition or collection of an assessment The government imposed a levy on gasoline.

b : an amount levied

2a : the enlistment or conscription of men for military service

b : troops raised by levy turned green levies into fighting soldiers

levy

verb
levied; levying

Definition of levy (Entry 2 of 2)

transitive verb

1a : to impose or collect by legal authority levy a tax

b : to require by authority

2 : to enlist or conscript for military service

3 : to carry on (war) : wage

intransitive verb

: to seize property

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Other words from levy

Verb

levier noun

Synonyms & Antonyms for levy

Synonyms: Noun

assessment, duty, imposition, impost, tax

Synonyms: Verb

assess, charge, exact, fine, impose, lay, put

Antonyms: Verb

remit

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Examples of levy in a Sentence

Noun

the legislators approved a new levy on imported cattle to help protect American ranchers

Verb

They levied a tax on imports. The government will levy a fine on the company.
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Recent Examples on the Web: Noun

Beijing has matched Washington dollar for dollar in the first batch of tariffs and vowed to retaliate against the latest levies. Emre Peker, WSJ, "Europe Sees Trade Tensions With U.S. Eating Into Economic Growth," 12 July 2018 Besides, the levy lost decisively with voters that November, Still, the site remained ripe for recreational development, the kind that Reds Community Fund Executive Director Charley Frank remembers. Mark Curnutte, Cincinnati.com, "Reds Community Fund to take big swing at renovating old Jewish Community Center site," 2 July 2018 Eilert said the County Commission expects a modest mill levy reduction again this year. Hunter Woodall And Lynn Horsley, kansascity, "‘People are overtaxed in Kansas,’ Kobach says. His solutions draw quick criticism," 30 May 2018 The metals levies and some of Trump’s other trade moves have stoked protests from traditional U.S. allies. Bloomberg.com, "Trump’s ‘Dangerous’ Auto Tariff Tactic Needs to End, Corker Says," 24 May 2018 The Trump administration said the new levies were a response to China’s decision to retaliate. Washington Post, "Stocks tumble as Asia braces for more US tariffs on China," 11 July 2018 The levies were a response to tariffs the U.S. placed on Mexican steel and aluminum. Heather Haddon, WSJ, "Take Our Cheese, Please: American Cheese Makers Suffer Under New Tariffs," 5 July 2018 Those levies may depress an already sluggish sector of the world's fifth-largest economy: California agriculture has lost 15 percent of its value in the past two years, according to the Department of Food and Agriculture. Andrew Mayeda, chicagotribune.com, "Across U.S., wary businesses gird for a Trump trade war," 18 June 2018 Governing bodies can reduce the property tax impact of rising property values by lowering their mill levies. Hunter Woodall And Lynn Horsley, kansascity, "‘People are overtaxed in Kansas,’ Kobach says. His solutions draw quick criticism," 30 May 2018

Recent Examples on the Web: Verb

In Denver, for example, a sales tax of 3.65 percent is levied on both medical and recreational marijuana and an additional 3.5 percent sales tax is placed on recreational weed. Kathleen Gray, Detroit Free Press, "How Michigan's marijuana proposal differs from Colorado law," 12 July 2018 Village Attorney Charles Marino said Mundelein has not held such a hearing in recent memory, but all businesses have the right to request a hearing in front of the Village Board after penalties are levied against their licenses. Rick Kambic, chicagotribune.com, "Following prostitution arrest, Mundelein suspends spa's business license," 10 July 2018 The fine could surpass the €2.4 billion ($2.82 billion) that the EU levied against Google last year for abusing the dominance of its search engine to skew search results in favor of its own comparison-shopping service. Sam Schechner, WSJ, "Google to Face Multibillion-Euro European Union Antitrust Fine," 10 July 2018 The Office of the United States Trade Representative explained that the goods to be levied with tariffs were chosen based on what would disrupt the U.S. economy the least and have the least impact on consumers. Mckenna Moore, Fortune, "Donald Trump's China Tariffs Don't Apply to Ivanka," 9 July 2018 Japan said up to 624,000 people could lose their jobs in the U.S. if a 25 percent tariff were levied on automobiles and auto parts and other countries took retaliatory measures, citing a study by the Peterson Institute for International Economics. Mari Yamaguchi, USA TODAY, "Japan to US: Any new auto tariffs would damage US, world economy," 29 June 2018 If a province fails to tax or cap emissions, the federal government will impose a tax, and send the money back to the province where it was levied. The Economist, "Doug Ford disrupts Canada’s climate policy," 28 June 2018 The problem was corrected within two days and no fine was levied, records show. Mary Jo Pitzl, azcentral, "What's going on in there? Questions arise about migrant kids' welfare," 27 June 2018 Nancy Toll, a former nurse who worked for the commission, told lawmakers there were millions of dollars in fines that should have been levied. Allie Morris, San Antonio Express-News, "Lawmakers question state leaders, company executives over reported failures in Medicaid managed care program," 27 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'levy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of levy

Noun

13th century, in the meaning defined at sense 1a

Verb

14th century, in the meaning defined at transitive sense 1a

History and Etymology for levy

Noun

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

Verb

see levy entry 1

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Statistics for levy

Last Updated

21 Sep 2018

Look-up Popularity

Time Traveler for levy

The first known use of levy was in the 13th century

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More Definitions for levy

levy

noun

Financial Definition of levy

What It Is

A levy is the seizure of property in order to repay debt. In the U.S., the IRS has the authority to levy. (For everybody else, this is called foreclosure or repossession.)

How It Works

Let’s assume John Doe owns a house in the country and hasn't filed a tax return for five years. The IRS catches up to him and sends him a $45,000 tax bill. John has fallen on hard times lately, and is unable to pay the taxes. Accordingly, the IRS levies the house.

Levies can be on property, wages, bank accounts or anything else of value. A levy is not the same as a lien. A levy actually takes the property; a lien just places a restriction on the sale or transfer of the property.

Why It Matters

Taxing authorities are always anxious to get their money, but they must give written notice to a taxpayer before levying a taxpayer's assets. States also have the authority to impose levies for the lack of payment of state income taxes.

Source: Investing Answers

levy

noun

English Language Learners Definition of levy

 (Entry 1 of 2)

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

levy

verb

English Language Learners Definition of levy (Entry 2 of 2)

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

levy

noun
\ ˈle-vē \
plural levies

Kids Definition of levy

 (Entry 1 of 2)

: something (as taxes) collected by authority of the law

levy

verb
levied; levying

Kids Definition of levy (Entry 2 of 2)

: to collect legally levy taxes

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levy

noun
\ ˈle-vē \
plural levies

Legal Definition of levy 

(Entry 1 of 2)

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

levy

verb
levied; levying

Legal Definition of levy (Entry 2 of 2)

transitive verb

1 : to impose or collect (as a tax or fine) with authority allow it to levy stiffer penalties for some safety violationsNational 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 they might as a last resort levy on his merchandise —J. J. White and R. S. Summers

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Comments on levy

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