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

At that stage, practically all Chinese goods entering the United States will face some sort of levy. John Cassidy, The New Yorker, "Donald Trump’s Trade War with China Is Spiralling out of Control," 6 Aug. 2019 Because most of the allowable local tax is often imposed on the county level, individual cities can end up with very little room to impose their own levies. Los Angeles Times, "A community planned to boost child care. Gov. Gavin Newsom vetoed the bill to do it," 19 July 2019 The president counts on rural America as a bedrock of support and farmers have taken the brunt of retaliatory tariffs by China and other countries hit with U.S. levies. Lingling Wei, WSJ, "Trump Allows U.S. Sales to Huawei as Trade Talks Resume," 29 June 2019 On Monday, President Trump announced new tariffs on $200 billion in Chinese imports, prompting Beijing to retaliate with levies on $60 billion in U.S. goods. Fox News, "China cancels trade talks with US amid escalation in tariff threats," 21 Sep. 2018 The board approved a resolution to establish Community Facilities District No. 12 and to authorize the levy of a special tax within the district. Laura Groch, San Diego Union-Tribune, "How they voted, July 21," 21 July 2019 The tool includes new revenue-raising measures that would require changes in state law, including increasing the sales tax collected by the county and increasing the county property tax levy. Alison Dirr, Milwaukee Journal Sentinel, "How would you balance Milwaukee County's budget? Elected leaders want to know.," 16 July 2019 The Senate, like Baker, proposed targeting drug manufacturers with a 15 percent levy on gross receipts of opioid sales in Massachusetts and extending taxes to e-cigarette products. Matt Stout, BostonGlobe.com, "There’s no state budget in sight. And lawmakers just asked Baker for another extension.," 15 July 2019 Exuberance over the levies dramatically boosted U.S. output just as the global economy was cooling, undercutting demand. latimes.com, "The Trump tariff twist that’s cost U.S. Steel $5.5 billion," 8 July 2019

Recent Examples on the Web: Verb

The fine was the largest FCA monetary penalty levied on an individual. Mengqi Sun, WSJ, "U.K. Regulator Imposes Record Fine Total Against Individuals," 9 July 2019 The grant's funding will come from taxes levied on users via airline tickets and aviation fuel, Massie said. Julia Fair, Cincinnati.com, "Gallatin County: Sparta airport gets federal grant for construction," 9 July 2019 The tax levied on lithium-ion batteries used in EVs was cut last year from 28% to 18%. Ananya Bhattacharya, Quartz India, "Softbank is helping Ola’s electric vehicle business lead a revolution in India," 3 July 2019 As the name implies, estate taxes are taxes levied on the dead person’s estate. Liz Weston | Nerdwallet.com, oregonlive.com, "Liz Weston: Estate and inheritance taxes are not the same," 16 June 2019 As the name implies, estate taxes are taxes levied on the dead person’s estate. Liz Weston, latimes.com, "How to boost your credit score before you buy a house," 9 June 2019 In the European Union, regulation is already happening: In March, the EU levied its third multibillion-dollar fine against Google for anti-competitive behavior. Tim O'reilly, Quartz, "Antitrust regulators are using the wrong tools to break up Big Tech," 17 July 2019 Breyer levied the sentence recommended by the U.S. Attorney’s Office: three decades in federal prison, 15 years of supervised release and restitution of an amount to be determined to support the victims. Michael Todd, The Mercury News, "Santa Cruz County camp counselor sentenced to 30 years for producing child pornography," 12 July 2019 The Trump administration on Tuesday levied sanctions against two Hezbollah members of Lebanon’s parliament and a senior security official in the organization, which the U.S. has designated a terrorist group. Ian Talley, WSJ, "U.S. Levies Sanctions Against Hezbollah Members," 9 July 2019

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

10 Aug 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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