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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


(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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The Council in its meeting is expected to move legislative amendments required for increasing the maximum ceiling of cess leviable on motor vehicles falling under headings 8702 and 8703 including SUVs, to 25 percent instead of present 15 percent.
The importer and clearing agent were unable to provide any plausible explanation for not paying the actual leviable duties and taxes, when confronted by the senior officers of Customs Intelligence.
The legal position is that any bets taken in Britain on horseracing are leviable, wherever in the world the racing takes place.
It has been fascinating for BOLA members to learn that the increased amounts of sponsorship they are providing, the millions of pounds they spend promoting racing and the millions they have invested in improving their shops (all of which have generated increased amounts of leviable turnover) are, in fact, merely elements of racing's own self- help achievements.
"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."