levy

  

Definitions (3)

1.Impose or collect an amount (such as a tax) by compulsion or legal authority.
2.The amount so collected.
3.Appropriation or seizure of a debtor's specific asset or property through a lawful process, or in satisfaction of a judgment, for the payment of a debt or claim.

Use levy in a sentence

  • In history class the students learned about the levy on tea imposed by the British government which caused the American colonist to dump it into the harbor which was one of the events that brought about the revolutionary war.

    Was this Helpful?   (25)   (0)
  • The Internal Revenue Service will frequently levy a fine against a person who has willfully not paid his or her income taxes.

    Was this Helpful?   (25)   (0)
  • In order to impose a levy on the property mentioned in the court proceedings, the property must have a clear bill of sale which indicates the full name and address of the new owner.

    Was this Helpful?   (25)   (0)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/levy.html

Mentioned in these terms

Have a question about levy? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z