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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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