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Dictionary

LEVYS [ˈlevē]

VERB
levy (verb) · levies (third person present) · levied (past tense) · levied (past participle) · levying (present participle)

  • impose (a tax, fee, or fine).
  • impose a tax, fee, or fine on.
Synonyms: impose . charge . exact . demand . raise . collect . gather . tax . mulct . impose . charge . exact . demand . raise . collect . gather . tax . mulct .
  • enlist (someone) for military service.
  • begin to wage (war).
Synonyms: conscript . call up . enlist . mobilize . rally . muster . marshal . press . recruit . raise . assemble . round up . draft . demobilize . disband .

NOUN
levy (noun) · levies (plural noun)

  • an act of levying a tax, fee, or fine.
  • a tax so raised.
Synonyms: tax . tariff . toll . excise . duty . fee . imposition . impost . exaction . assessment . tithe . payment . mulct . taxation . customs . dues . tax . tariff . excise . toll . fee . imposition . impost . exaction . tithe . payment . rate . customs . dues . mulct .

Frequently Asked Questions

What's the difference between a levy and a lien?

The Difference Between a Lien and a Levy. The simple difference between a lien and a levy is their effect on the property you own. A lien is a claim registered against property for not paying taxes. It does not take away a taxpayer's property or the right to sell or transfer ownership of the property. A levy comes after a lien has been filed.

What does levy mean?

A levy is the legal seizure of property to satisfy an outstanding debt. In the U.S., the Internal Revenue Service (IRS) has the authority to levy an individual's property, such as a car, boat, house.

What is the difference between a levy?

is that tax is to impose and collect a tax from (a person) while levy is to impose (a tax or fine) to collect monies due, or to confiscate property.

How does a levy work?

Here are how they work: Levy. A levy allows a creditor to withdraw money from a financial account—most commonly, a checking or savings account. If a creditor enacts a levy against you, it means the creditor freezes a financial account and then usually takes money in that account to cover your debt.