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 ?
In order to exercise that option, the following procedures are required: 1) a judgment is entered requiring the judgment-debtor to pay a sum of money to the judgment-creditor; 2) the judgment is recorded; (28) 3) a writ of execution is delivered to the sheriff or marshal (29) by the judgment-creditor; (30) 4) the sheriff or marshal levies upon assets of the debtor; 5) the sheriff or marshal then sells as much personal property and, if need be, the judgment-debtor's real property, as has been levied upon, in order to satisfy the judgment.
Relying upon this precedent, the Rhode Island Supreme Court recently held that a registration fee levied upon vessels operating on that State's waters in excess of 90 days is an unconstitutional duty of tonnage.
Muslims who possess assets more than a specified exemption limit "Nisab" are levied upon zakat.
5205 lists personal property that is exempt from being seized or levied upon in order to satisfy a money judgment.
The GO bonds are secured by an ad valorem tax to be levied upon all taxable property within the district, without limitation as to rate or amount.
The OIMB has issued an advisory to petroleum products stakeholders not to levy new excise trax rates on old stocks, considering that excise taxes are levied upon importation and not at the point of sale to the consumers," DOE Assistant Secretary Leonido Pulido III said.
Both Ever Crest and Mega Heights properties were accordingly levied upon by the sheriff.
The regulation is the latest in a series of fees that have been levied upon bank account holders in recent years.
After amicable talks between the parties, as a sign of respect for Roberto Mancini, the supporters and the club, Mario Balotelli has chosen to accept a two-week fine levied upon him by the club and withdraw his disciplinary appeal, which was due to be heard by a Premier League panel.
But a brief statement from City read: "After amicable talks between the parties, as a sign of respect for Roberto Mancini, the supporters and the club, Mario Balotelli has chosen to accept a two-week fine levied upon him by the club and withdraw his disciplinary appeal, which was due to be heard by a Premier League panel yesterday.
The Deputy Prime Minister, Nick Clegg, has stated that he would only support the cuts necessary to produce PS10bn of welfare savings by 2015-16, if additional taxes are levied upon expensive properties.