Levies: meaning, definitions and examples
๐ธ
levies
[ หlษviหz ]
taxes
A levy is a type of tax that is imposed by a government. It is usually used to generate revenue for public services and projects.
Synonyms
Examples of usage
- The government announced a new levy on luxury goods.
- Property owners are required to pay levies to fund local services.
legal
In legal terms, a levy refers to the seizure of property in order to satisfy a debt or obligation. It is a legal process where property is taken and sold to pay off a debt.
Synonyms
attachment, confiscation, seizure
Examples of usage
- The bank initiated a levy on the debtor's assets.
- The tax authority can levy your bank account if you fail to pay your taxes.
Translations
Translations of the word "levies" in other languages:
๐ต๐น impostos
๐ฎ๐ณ เคเคฐ
๐ฉ๐ช Abgaben
๐ฎ๐ฉ pajak
๐บ๐ฆ ะฟะพะดะฐัะบะธ
๐ต๐ฑ podatki
๐ฏ๐ต ็จ้
๐ซ๐ท impรดts
๐ช๐ธ impuestos
๐น๐ท vergiler
๐ฐ๐ท ์ธ๊ธ
๐ธ๐ฆ ุงูุถุฑุงุฆุจ
๐จ๐ฟ danฤ
๐ธ๐ฐ dane
๐จ๐ณ ็จๆฌพ
๐ธ๐ฎ davki
๐ฎ๐ธ skattar
๐ฐ๐ฟ ัะฐะปัาัะฐั
๐ฌ๐ช แแแแแกแแฎแแแแแ
๐ฆ๐ฟ vergilษr
๐ฒ๐ฝ impuestos
Word origin
The word 'levies' has its origins in Middle English, derived from the Old French word 'levier', meaning 'to levy'. The concept of levying taxes or duties has been around for centuries, with governments using this method to raise funds for various purposes. Over time, the term has evolved to encompass not just taxes but also legal actions such as seizing property. The word has been used in legal and financial contexts throughout history.