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

To help fund the bid, the roughly 425,000 registered golfers in France—who make up less than 1% of the national population—agreed to pay an annual levy of €3 over 13 years. Brian Costa, WSJ, "How the Ryder Cup Wound Up in France," 21 Sep. 2018 In regular session at 6 p.m., the council will hold hearings on the levy of the annual assessment for 2018-19 for Street Lighting and Landscaping Districts No. 1 and 2. Laura Groch, sandiegouniontribune.com, "On the agenda, July 8," 8 July 2018 The European Union charges a levy of 10 percent on car imports from the United States and other countries. Jack Ewing, New York Times, "Trump Voters May Be the Biggest Losers From Trump’s Auto Tariffs," 3 July 2018 In addition to the usual data fees, social media users now must pay upfront a daily levy of Shs200 (5 cents) to access all social media websites. Rodney Muhumuza, The Seattle Times, "Ugandans angered by new tax for using social media," 2 July 2018 The amendment advocates wanted on this year’s ballot — and Lewis wants on 2022’s ballot — would impose an additional levy of 4 percent on annual taxable income in excess of $1 million. Joshua Miller, BostonGlobe.com, "Lawmakers are looking at their own millionaires’ tax, but it’s going to take a while," 22 June 2018 In May the Seattle City Council approved a levy of $275 per worker at its largest firms. Mark Trumbull, The Christian Science Monitor, "Seattle's tax test: big employers and the social costs of wealth," 13 June 2018 Twinsburg Township is proposing a new police levy of 2.8 mills, which works out to $98 a year per $100,000 of home value. Rich Exner, cleveland.com, "Summit County tax issues: Norton, Woodridge schools; city of Macedonia among those seeking increases," 8 Feb. 2018 The library is a city facility that operates with its own tax levy and a nine-member board. Linda Girardi, Aurora Beacon-News, "Yorkville Library Board member 'lucky to be alive' after chain-reaction crash," 12 July 2018

Recent Examples on the Web: Verb

Brussels will likely respond to Italy’s budgetary excesses by levying large fines on the country for breaking the rules—fines Italy will pay essentially by drawing on the ECB’s credit card. Holman W. Jenkins, WSJ, "The Eurozone’s 19th Nervous Breakdown," 9 Nov. 2018 Google is adjusting to life in the EU after the $5.05 billion (€4.34 billion) antitrust fine levied against it by the European Commission earlier this year. Ron Amadeo, Ars Technica, "After $5 billion EU antitrust fine, Google will start charging for Android apps," 17 Oct. 2018 Stories from victims across the country have saturated social media as a result of the allegations levied against Kavanuagh. Danielle Campoamor, Marie Claire, "You’re Asking Why I Didn’t Report? Why Don’t You Ask Me Why I Regretted It When I Did?," 24 Sep. 2018 Despite the historic $5 billion fine levied against it by the European Union last week, which affected Google’s income, Alphabet stock was up around 3.5 percent in after-hours trading. Recode Staff, Recode, "Recode Daily: Facebook wants to launch its own internet-delivery satellite next year," 24 July 2018 Despite the historic $5 billion fine levied against it by the European Union last week, which impacted Google’s operating income, Alphabet stock is actually up around 3.5 percent in after-hours trading. Nick Statt, The Verge, "Alphabet’s experimental investments in the future continue to cost it a fortune," 23 July 2018 Manafort also entered a not guilty plea to two additional charges levied against him last week, for witness tampering and conspiracy to obstruct justice. Katelyn Polantz, CNN, "Judge sends Paul Manafort to jail, pending trial," 15 June 2018 Airports can fund capital improvements by levying fees on passengers and airlines. New York Times, "From (Crumbling) Airport to (Broken) Escalators: An Infrastructure Odyssey," 8 Feb. 2018 In February, the government raised stamp duties, a one-time tax levied on property sale documents, on high-value property transactions. Gaurav Raghuvanshi And P.r. Venkat, WSJ, "Singapore Property Stocks Tank on Fresh Government Blow," 6 July 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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Learn More about levy

Statistics for levy

Last Updated

16 Nov 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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