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levy

 
Dictionary: lev·y   (lĕv'ē) pronunciation
 

v., -ied, -y·ing, -ies.

v.tr.
  1. To impose or collect (a tax, for example).
  2. To draft into military service.
  3. To declare and wage (a war).
v.intr.

To confiscate property, especially in accordance with a legal judgment.

n., pl. -ies.
  1. The act or process of levying.
  2. Money, property, or troops levied.

[Middle English levien, from leve, levy, tax, from Old French levee, from feminine past participle of lever, to raise. See lever.]

levier lev'i·er n.
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To collect or assess money that is due.

Investopedia Says:
An example of levying is the government assessing how much tax you owe, or a regulatory agency fining you for not paying what you owe.

Related Links:
We give you seven guidelines to help you keep more of your money in your pocket. Tax Tips For The Individual Investor


 

1. To raise or collect.

2. To seize.

3. To assess, as to levy a tax.

4. Seizure or levying, as of land or other property or rights, through lawful process or by force.

 

To legally impose or collect that which is due.
Example: A tax assessor levies a tax.
Example: A judge levies a fine.

 
Thesaurus: levy
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verb

  1. To establish and apply as compulsory: assess, exact, impose, put. See obligation, over/under, willing/unwilling.
  2. To enroll compulsorily in military service: conscript, draft, induct. See give/take/reciprocity.

noun

  1. Compulsory enrollment in military service: conscription, draft, induction. See give/take/reciprocity.
  2. A compulsory contribution, usually of money, that is required for the support of a government: assessment, duty, impost, tariff, tax. See money, pay/owe, politics.

 
Antonyms: levy
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v

Definition: assess, impose
Antonyms: disapprove, veto


 

v. -ies, -ied 1. archaic enlist (someone) for military service: he sought to levy one man from each parish for service.

2. begin to wage (war).

n. pl. -ies

1. an act of enlisting troops.

2. (usually levies) a body of troops that have been enlisted: lightly armed local levies.

See the Introduction, Abbreviations and Pronunciation for further details.

 
This entry contains information applicable to United States law only.

To assess; raise; execute; exact; tax; collect; gather; take up; seize. Thus, to levy a tax; to levy a nuisance; to levy a fine; to levy war; to levy an execution, i.e., to levy or collect a sum of money on an execution.

A seizure. The obtaining of money by legal process through seizure and sale of property; the raising of the money for which an execution has been issued.

A sheriff or other officer of the law can be ordered by a court to make a levy against any property not entitled to an exemption. The court can do this with an order of attachment, by which the court takes custody of the property during pending litigation, or by execution, the process used to enforce a judgment. The order directs the sheriff to take and safely keep all non-exempt property of the defendant found within the county or as much property as is necessary to satisfy the plaintiff's demand plus costs and expenses. The order also directs the sheriff to make a written statement of efforts and to return it to the clerk of the court where the action is pending. This report, called a return, lists all the property seized and the date of seizure.

The sheriff's act in taking custody of the defendant's property is the levy. A levy onreal property is generally accomplished by giving the defendant and the general public notice that the defendant's property has been encumbered by the court order. This can be done by filing a notice with the clerk who keeps real estate mortgages and deeds recorded with the county. A levy of tangible personal property usually requires actual seizure. If the goods are capable of being moved around, most states insist that the sheriff actually take them into custody or remove them to another place for safekeeping with an independent person. If the property is bulky or cumbersome and removal would be impracticable and expensive, actual seizure is not necessary. The levy can be accomplished by removing an essential piece, such as the pinsetter in a bowling alley, or by services of the court demanding preservation of the property. The order can be served on the defendant or anyone else in possession of the property, and disobedience of it then can be punished as a contempt of court.

Often the order will permit levy against any property belonging to the defendant, but it will specify seizure of a unique item and allow something else of comparable value to be substituted only if the unusual item cannot be found.

An attempt to attach a debtor's property is effective only after a levy, and from that time on there is a lien on the attached property. This gives the plaintiff some security that he or she will be able to collect what is owed and, if first in time, establishes the plaintiff's priority at the head of the line of the defendant's creditors who might subsequently seek a levy upon a debtor's property. It can strengthen the plaintiff's bargaining position if the plaintiff is trying to settle the dispute with the defendant, and it may even create jurisdiction for the court over the defendant, but only to the extent of the value of the property subject to levy.

 
Wikipedia: Levy
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Levy or Lévy may refer to:

People

See also


 
Translations: Levy
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Dansk (Danish)
v. tr. - udskrive skat, pålægge afgift, opkræve skat, udskrive til tjeneste, foretage udlæg
v. intr. - beskatte
n. - skatteudskrivning, tvangsudskrivning, skat, afgift, beslaglæggelse

Nederlands (Dutch)
belastingheffing, accijns, jaargang, lichting, (mv) rekruten, heffen, beslag leggen op, door beslaglegging opvorderen, afpersen (chantage), werven, rekruteren, oorlog voeren

Français (French)
v. tr. - lever/percevoir (un impôt), imposer (une amende), (Mil) lever (des troupes)
v. intr. - prélever, lever, hypothéquer, imposer (une amende), (Mil) lever (des troupes)
n. - taxe, impôt, perception, prélèvement, (Mil, Hist) levée, contribution

Deutsch (German)
v. - beschlagnahmen, erpressen, erheben, pfänden
n. - Steuer, Erhebung, Einziehung, Pfändung

Ελληνική (Greek)
v. - (οικον.) βεβαιώνω, επιβάλλω ή εισπράττω φόρο ή τέλος, (στρατ.) επιστρατεύω, στρατολογώ υποχρεωτικά
n. - (οικον.) βεβαίωση, επιβολή ή είσπραξη φόρου/τέλους, φόρος, τέλος, (στρατ.) στρατολογία, επιστράτευση

Italiano (Italian)
riscuotere, reclamare, reclutare, imposta, tributo, leva

Português (Portuguese)
v. - arrecadar taxa ou tributo, penhorar, extorquir, recrutar, executar penhora (Jur.)
n. - arrecadação (f), coleta (f), cobrança (f), penhora (f), tributo (m), recrutamento (m)

Русский (Russian)
собирать налоги, призывать в армию, заниматься чем-л., сбор налогов, призыв (в армию), принудительное взыскание задолженности

Español (Spanish)
v. tr. - recaudar, percibir, exigir, reclutar, imponer
v. intr. - imponer contribución sobre, recaudar impuestos
n. - impuesto, sobretasa, exacción, recaudación, percepción, leva

Svenska (Swedish)
v. - uttaxera, ta upp, utskriva, uppbära, lägga på, uppbåda, sätta upp
n. - uttaxering, tvångsupptagande, utskrivning av skatt, uppbörd, uppbåd, utskrivet manskap

中文(简体)(Chinese (Simplified))
征收, 征集, 强索, 扣押, 征税, 课税, 征收额, 征兵, 税款

中文(繁體)(Chinese (Traditional))
v. tr. - 徵收, 徵集, 強索, 扣押
v. intr. - 徵稅, 扣押
n. - 徵稅, 課稅, 徵收額, 徵兵, 稅款

한국어 (Korean)
v. tr. - 거두어 들이다, 할당하다, 징집하다, 압류하다
v. intr. - 징세하다, 압류하다
n. - 징수 , 징세, 징수액, 소집군대

日本語 (Japanese)
v. - 賦課する, 徴集する, 召集する, 始める, 徴税する, 財産を押収する
n. - 賦課, 徴集, 召集

العربيه (Arabic)
‏(فعل) يفرض, يجبي ضريبه, يجند, يشن حربا, يصادر (الاسم) فرض, جبايه الضرائب, المبلغ المفروض أو المجبي, تجنيد, القوات المجندة‏

עברית (Hebrew)
v. tr. - ‮הטיל מס, גבה, גייס‬
v. intr. - ‮החרים רכוש בצו בית-משפט‬
n. - ‮מס, הטלת מס, מכס, גבייה, מכסה, כמות, מספר המגויסים, גיוס‬


 
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