levy

5 definitions • 8 examples

an amount of money, such as a tax, that you have to pay to a government or organization:

They imposed a five percent levy on alcohol.

(of a government or organization) to demand an amount of money, such as a tax, from a person or organization:

A new tax was levied on consumers of luxury goods.

The City Council can levy a fine of $250 for a first offence.

an amount of money, such as a tax, that you have to pay to a government or organization:

A levy was imposed on cotton imports.

an amount of money, such as a tax, that has to be paid to a government or organization:

The financial authority is to impose a levy on every financial product sold.

be exempt from/pay a levy Social Security income that resides in a bank account is exempt from a levy.

abolish/end a levy The government plans to abolish a levy on equities trading.

to officially ask for an amount of money, such as a tax, for a government or organization:

levy a tax on sth The tax is levied on companies' energy use.