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Levy: meaning, definitions and examples

๐Ÿ’ฐ
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levy

 

[ หˆlษ›vi ]

Noun
Context #1 | Noun

tax

A tax or fee imposed by a government on a product, income, or activity.

Synonyms

assessment, duty, tax

Examples of usage

  • The government introduced a new levy on sugary drinks to reduce consumption.
  • An environmental levy is charged on plastic bags in an effort to decrease pollution.
  • The levy on imported goods has been increased to protect local industries.
Context #2 | Noun

legal

A legal seizure of property to satisfy a debt.

Synonyms

attachment, confiscation, seizure

Examples of usage

  • The bank issued a levy on the company's assets to recover the outstanding loan.
  • If the debt is not repaid, the authorities may proceed with a levy on the property.

Translations

Translations of the word "levy" in other languages:

๐Ÿ‡ต๐Ÿ‡น imposto

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เคฐ

๐Ÿ‡ฉ๐Ÿ‡ช Abgabe

๐Ÿ‡ฎ๐Ÿ‡ฉ pajak

๐Ÿ‡บ๐Ÿ‡ฆ ะฟะพะดะฐั‚ะพะบ

๐Ÿ‡ต๐Ÿ‡ฑ podatek

๐Ÿ‡ฏ๐Ÿ‡ต ่ชฒ็จŽ

๐Ÿ‡ซ๐Ÿ‡ท impรดt

๐Ÿ‡ช๐Ÿ‡ธ impuesto

๐Ÿ‡น๐Ÿ‡ท vergi

๐Ÿ‡ฐ๐Ÿ‡ท ์„ธ๊ธˆ

๐Ÿ‡ธ๐Ÿ‡ฆ ุถุฑูŠุจุฉ

๐Ÿ‡จ๐Ÿ‡ฟ daลˆ

๐Ÿ‡ธ๐Ÿ‡ฐ daลˆ

๐Ÿ‡จ๐Ÿ‡ณ ็จŽ

๐Ÿ‡ธ๐Ÿ‡ฎ davek

๐Ÿ‡ฎ๐Ÿ‡ธ skatt

๐Ÿ‡ฐ๐Ÿ‡ฟ ัะฐะปั‹า›

๐Ÿ‡ฌ๐Ÿ‡ช แƒ’แƒแƒ“แƒแƒกแƒแƒฎแƒแƒ“แƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ vergilษ™r

๐Ÿ‡ฒ๐Ÿ‡ฝ impuesto

Etymology

The word 'levy' originated from Old French 'lever' meaning 'to raise' or 'lift'. It was initially used in the context of raising troops or funds for military purposes. Over time, it evolved to include the idea of imposing taxes or fees by governments. The concept of levy has been integral to financial and legal systems for centuries, playing a crucial role in revenue generation and debt recovery.

See also: lev, level, lever, levity.

Word Frequency Rank

At #5,291 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.