levy

noun
UK: /ˈlevi/
US: /ˈlevi/

  1. An amount of money, such as a tax, that you have to pay to a government or organization.

    1. The city plans to levy a tax on hotel stays.
    2. The government decided to levy a higher tax on luxury goods to increase revenue.

  2. The act of using official authority to demand and collect a payment, tax, or fine.

    1. The levy of the fine was unexpected but necessary.
    2. The council approved the levy of charges for garbage collections from households.

Synonyms

collect charge seize impose tax
levy verb

  1. To officially demand or collect a payment, such as a tax, fee, or fine.

    1. They will levy a charge for the service.
    2. The government may levy new taxes on imported goods next year to protect local industries.

  2. To use official authority to seize property or assets to satisfy a debt or legal obligation.

    1. The bank can levy his assets if he doesn't pay.
    2. The court ordered to levy the debtor's bank accounts to recover the outstanding amount.

Frequently Asked Questions

The word "levy" in English means: An amount of money, such as a tax, that you have to pay to a government or organization., The act of using official authority to demand and collect a payment, tax, or fine..

The phonetic transcription of "levy" is /ˈlevi/ in British English and /ˈlevi/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "levy": collect, charge, seize, impose, tax.

Example usage of "levy": "The city plans to levy a tax on hotel stays.". More examples on the page.