Levy: meaning, definitions and examples
๐ฐ
levy
[ หlษvi ]
tax
A tax or fee imposed by a government on a product, income, or activity.
Synonyms
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.
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:
๐ต๐น imposto
๐ฎ๐ณ เคเคฐ
๐ฉ๐ช Abgabe
๐ฎ๐ฉ pajak
๐บ๐ฆ ะฟะพะดะฐัะพะบ
๐ต๐ฑ podatek
๐ฏ๐ต ่ชฒ็จ
๐ซ๐ท impรดt
๐ช๐ธ impuesto
๐น๐ท vergi
๐ฐ๐ท ์ธ๊ธ
๐ธ๐ฆ ุถุฑูุจุฉ
๐จ๐ฟ daล
๐ธ๐ฐ daล
๐จ๐ณ ็จ
๐ธ๐ฎ davek
๐ฎ๐ธ skatt
๐ฐ๐ฟ ัะฐะปัา
๐ฌ๐ช แแแแแกแแฎแแแ
๐ฆ๐ฟ vergilษr
๐ฒ๐ฝ impuesto
Word origin
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.