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 ?
d) A tax of rupees 300,000 will be levied on the Motor car with engine capacity exceeding 2500 cc
The tax will not be levied on the motor cars owned by the Federal government, the government or any other provincial government.
The TBR2 authorizes the Service to return levied property.
The special tax may be levied at a maximum rate of $1.