levy

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Levy

1. To impose an obligation to pay. For example, a government may levy a tax.

2. To collect what is owed. For example, a creditor may levy a debt, meaning that it may collect it from the debtor.

levy

(1) To assess. One may levy a tax or fine, which means to impose it. (2) To seize or collect, as when a creditor levies on assets by execution.

References in periodicals archive ?
He implied that since recent Sunday betting on horseracing was based on races from Ireland, it was not leviable.
This was a case of the BHB unashamedly claiming that money provided by the betting shop customer (through increased leviable turnover, increased Tote profitability and increases in sponsorship from bookmakers) is, in fact, the fruit of the BHB's own labours.
It is not a difficult equation -the rise in leviable turnover, the increased profitability of the Tote, the substantial increases in the sponsorship of racing by the bookmaking industry-all are paid for by the betting-office customer.