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The meaning of levy is the imposition or collection of an assessment A levy is a sum of money that you have to pay, for example as a tax to the government. How to use levy in a sentence.
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To implement comprehensive economic and social policies, the state must levy standardised taxes, keep systematic administrative records, and enforce uniform rules across its territory. See ‘meaning & use’ for definitions, usage, and quotation evidence. To impose a tax, fine, or other punishment on (a person or business)
To enlist or conscript into military service
To declare and wage (a war) To confiscate property, especially in accordance with a legal judgment The act or process of levying Money, property, or troops levied.
An amount of money that must be paid and that is collected by a government or other authority A levy is a legal seizure of your property to satisfy a tax debt Levies are different from liens A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.
Definition of levy noun in oxford advanced learner's dictionary
Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. A levy is a penalty for unpaid tax debt in which the government seizes your property Find out how to avoid or appeal a levy. There are seven meanings listed in oed's entry for the noun levy, one of which is labelled obsolete
