levy

levy

noun | \ ˈle-vē \

  1. a : the imposition or collection of a tax

    b : the seizure according to a writ of execution of real or personal property in a judgment debtor's possession to satisfy a judgment debt

  1. : an amount levied : tax providing for a levy of 3% on income up to $10,000 —D. Q. Posin

levy

verb

  1. : to impose or collect (as a tax or fine) with authority allow it to levy stiffer penalties for some safety violations —National Law Journal

  1. : to enforce or carry into effect (a writ of execution) — compare attach, garnish

    : to enforce a writ of execution or attachment; specifically : to make a seizure of real or personal property in a judgment debtor's possession they might as a last resort levy on his merchandise —J. J. White and R. S. Summers : to make a seizure of real or personal property in a judgment debtor's possession they might as a last resort levy on his merchandise —J. J. White and R. S. Summers