levy

noun
\ ˈle-vē How to pronounce levy (audio) \
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

That's significantly more than the $860,000 total that former mayor Ed Murray cited in proposing the levy, and quadruple comparable national averages, the paper reported. Gregg Re, Fox News, "Seattle struggling to pay for bike lanes, as costs for 'visionary' project balloon to $12 million per mile: report," 23 May 2018 The Trump administration levies are aimed at pressuring Mexico and Canada to accept White House demands for revising the North America Free Trade Agreement. Kevin Mccoy, USA TODAY, "Trump's tariff gains could cause Tyson Foods, Costco pain," 6 June 2018 The levy was originally approved in 1988 in order to meet operating costs within the district. Alyssa Alfano, cleveland.com, "Highland Local Schools seek operating levy renewal May 8," 1 May 2018 Those bonds are paid out of the bond and interest levy that the city extends every year. Steve Lord, Aurora Beacon-News, "Alderman blames state for increase in Aurora tax levy," 24 Jan. 2018 Some consumers complained that the latest levy should be imposed on coffee retailers, rather than coffee drinkers. Kimiko De Freytas-tamura, New York Times, "Britain Considers a ‘Latte Levy’ to Cut the Use of Coffee Cups," 5 Jan. 2018 The levy, which was imposed last March, sparked no backlash in the community, McGown said. Danielle Paquette, chicagotribune.com, "These places will pay U.S. workers thousands of dollars to move there," 21 June 2018 City Attorney Grant Langley said the only way to exceed the levy limits was through a vote of city residents in a referendum. Daniel Bice, Milwaukee Journal Sentinel, "Bice: Milwaukee police union accused of peddling plan like infamous county backdrop scheme," 16 Mar. 2018 In November, Seattle voters overwhelmingly approved an education levy that gives two years of community college tuition-free for all students who graduate from Seattle’s 17 public high schools. Katherine Long, The Seattle Times, "Seattle high schoolers are applying for FAFSA more than anywhere else in Washington," 28 Nov. 2018

Recent Examples on the Web: Verb

China responded in kind by announcing penalties on $50bn of American goods, which prompted Mr Trump to threaten to levy additional tariffs on goods worth $400bn. The Economist, "Business this week," 23 June 2018 South Korea put the kibosh on ICOs, too, and has threatened to levy major taxes on exchanges. Robert Hackett, Fortune, "The Video Cloud video is not playable.," 26 Feb. 2018 Only $313,592 is raised by each mill levied in the parish, a reflection of its relatively low real estate values. Mark Schleifstein, NOLA.com, "East bank levee authority could return drainage, pump operations to St. Bernard Parish," 17 May 2018 He was convicted in March 2016 and sentenced to 10 years hard labor, about a week after Warmbier’s conviction — both sentences were handed down shortly after the U.S. had levied steeper sanctions against North Korea in response to missile testing. Feliz Solomon, Time, "Who Are the Three Americans That Have Been Released by North Korea?," 10 May 2018 The advocacy groups want the FTC to levy penalties against Google in the billions of dollars. Marco Della Cava, USA TODAY, "YouTube hit with complaint by child advocacy groups, which say it illegally targets kids," 9 Apr. 2018 In 2015, Chile fined one businessman more than twice what Mexico has levied in its public history. Fortune, "Welcome to Insider Trading Paradise Where No One Worries About Jail," 22 Mar. 2018 The taxes, levied in December, targeted private universities with high ratios of endowments per student. Lindsay Ellis, Houston Chronicle, "Rice, Baylor College of Medicine presidents sign letter to Congress on endowment tax," 7 Mar. 2018 The measures will raise revenue for the state over the next two years by levying a 6 percent sales tax on a variety of services, including auto and home repairs, to pay for higher school spending. BostonGlobe.com, "Kentucky Legislature overrides veto of school funding bill," 13 Apr. 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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Learn More about levy

Statistics for levy

Last Updated

20 Apr 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 How to pronounce levy (audio) \
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 How to pronounce levy (audio) \
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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