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 for levy

Synonyms: Noun

assessment, duty, imposition, impost, tax

Synonyms: Verb

conscribe, conscript, draft

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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

The protesters in Paris will be expected to pay much of the up to €8 billion annual tab for a minuscule global benefit—that’s how much tax revenue Mr. Macron thinks his levies will raise. The Editorial Board, WSJ, "The Global Carbon Tax Revolt," 3 Dec. 2018 The levies focused on industrial products, not on things Americans buy at the mall or via Amazon. Samuel Chamberlain, Fox News, "Trump imposes tariffs on additional $200B of Chinese goods," 18 Sep. 2018 Mayor John Cranley included part of it in the parks levy, Issue 22, in 2015, envisioning an $8 million urban campsite and renovated recreational facilities. Mark Curnutte, Cincinnati.com, "Reds Community Fund to take big swing at renovating old Jewish Community Center site," 2 July 2018 So far, the opposite has happened, as the European Union, Mexico and Canada respond with their own levies, many of which are aimed at products from politically important states that supported Mr. Trump, like Ohio, Iowa, Pennsylvania and Wisconsin. Alan Rappeport, New York Times, "Harley-Davidson, Blaming E.U. Tariffs, Will Move Some Production Out of U.S.," 25 June 2018 Seattle allocates money for the projects from various sources, including the city’s housing levy and the federal government. Daniel Beekman, The Seattle Times, "Seattle will spend $75M on affordable housing over the next year," 18 Dec. 2018 In regular session, the council held hearings and approved the levy and collection of annual assessments in the Coastal Rail Trail Maintenance District and the Solana Beach Lighting District. Laura Groch, sandiegouniontribune.com, "How they voted, July 1," 1 July 2018 Each country soon revealed its own slate of levies and tariffs on US products, to the tune of billions of dollars. Ella Nilsen, Vox, "Vox Sentences: Denmark bans the burqa," 1 June 2018 Now, after three consecutive weekends of protests, Mr. Macron may reverse his decision to abolish the tax, a levy on households that own assets, including stocks and bonds, valued at more than €1.3 million ($1.5 million). Noemie Bisserbe, WSJ, "France Weighs Reviving Wealth Tax in Bid to Placate ‘Yellow Vests’," 5 Dec. 2018

Recent Examples on the Web: Verb

Tech leaders there, working in offices that benefitted from public subsidies, are mostly pushing back against measures to levy taxes on companies to combat the city’s significant homeless crisis. Patrick Sisson, Curbed, "Big cities courting big tech helped define 2018," 18 Dec. 2018 They were hit hard by China’s move to levy a 40% border tax on U.S.-built cars and weighed moving some vehicle production out of the U.S. to China to meet local demand there and avoid the tariffs. Lingling Wei, WSJ, "China Moves to Address U.S. Economic Concerns," 11 Dec. 2018 No sales tax on groceries and levying an estate tax. Jon Talton, The Seattle Times, "Washington’s paradox: Progressive politics but regressive tax system," 23 Oct. 2018 His business will have to levy sales tax on labor under the new regulations. Darcy Costello, The Courier-Journal, "Get used to paying more for services (auto repair, gyms) under new tax," 29 June 2018 Despite massive fines being levied on guilty car manufacturers, a recent report has suggested that the number of dirty diesels on the roads has continued to grow post-dieselgate. Jon Porter, The Verge, "BMW, Daimler, and VW probed by EU over possible cartel activity," 18 Sep. 2018 Dixon’s order boosts the fines levied on the defendants to a combined $1,000 per day. Joseph O’sullivan, The Seattle Times, "Judge boosts contempt fines against Tim Eyman in campaign-finance lawsuit," 10 Sep. 2018 WASHINGTON-- The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Fox News, "Trump administration considering tax break on capital gains," 31 July 2018 The mayor’s administration says the new fee would raise about $1.3 million annually to pay for beds and other domestic abuse services by tacking on an additional charge onto the gross rental charge levied on the renters of the units. John Byrne, chicagotribune.com, "Emanuel calls for new fee on Airbnb rentals," 12 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 and Verb

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

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Statistics for levy

Last Updated

12 Jan 2019

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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More from Merriam-Webster on levy

Rhyming Dictionary: Words that rhyme with levy

Thesaurus: All synonyms and antonyms for levy

Spanish Central: Translation of levy

Nglish: Translation of levy for Spanish Speakers

Britannica English: Translation of levy for Arabic Speakers

Comments on levy

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