What is levy used in a sentence?

Noun the legislators approved a new levy on imported cattle to help protect American ranchers Verb They levied a tax on imports. The government will levy a fine on the company.

What does levy punishment mean?

1 to impose and collect (a tax, tariff, fine, etc.) 2 to conscript troops for service. 3 to seize or attach (property) in accordance with the judgment of a court.

What is a levy in legal terms?

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

What are examples of levy?

The definition of levy is a required or collected fee or tax. An example of levy is sales tax. Levy is defined as to force into military service or to declare and fight in a war. An example of levy is the military draft.

What’s a levy in American Pie?

It’s “levee.” Levy is somebody else. “American Pie” is Don McLean’s song about the change from the (supposedly) golden era of 1950s America through the turbulent 1960s as reflected in pop music. A levee is a quay or a dike along a river to control flooding, in any case, a place where you’d expect to find water.

Has been levied meaning?

The noun levy refers to a charge, such as a tax, fine, or other fee, that is imposed on something. The verb levy is used to describe the act of imposing or collecting the charge. If you need to raise money, for example, you may decide to levy a fine on your family every time you have to make the coffee in the morning.

What is the difference between a tax and a levy?

A tax rate is the percentage used to determine how much a property taxpayer will pay. A levy represents the total amount of funds a local unit of government may collect on a tax rate. In other words, the levy is a cap on the amount of property tax dollars a local government is allowed by law.

What is intent to levy from IRS?

An IRS intent to levy notice is a notice the IRS sends if it plans to seize your assets. You usually only get this notice if you have seriously delinquent taxes owed that you haven’t tried to resolve. It references a tax period for which you owe taxes.

How do levies work?

A levy allows a creditor to withdraw money from a financial account—most commonly, a checking or savings account. If a creditor enacts a levy against you, it means the creditor freezes a financial account and then usually takes money in that account to cover your debt.

What is a levy in accounting?

What Is a Levy? A levy is the legal seizure of property to satisfy an outstanding debt. If you fail to pay your taxes, the Internal Revenue Service may respond by levying your tax return or property. Tax authorities can also levy other assets, such as bank accounts, rental income, or retirement accounts.

What is a levy on a river?

A levee is a natural or artificial wall that blocks water from going where we don’t want it to go. Levees may be used to increase available land for habitation or divert a body of water so the fertile soil of a river or sea bed may be used for agriculture.

What is the meaning of levies?

(Military) n., pl. lev•ies, n. 1. an imposing or collecting, as of a tax, by authority or force. 2. the amount owed or collected. 3. the conscription of troops.

What is an example of a levy?

The definition of levies are taxes or other collected payments. An example of levies are income taxes collected by the IRS. Plural form of levy. Third-person singular simple present indicative form of levy.

What is the meaning of levee?

levee – embankment to prevent flooding: The levee might fail in hurricane conditions. 1. a. To impose (a tax or fine, for example) on someone. b. To impose a tax, fine, or other punishment on (a person or business).

What is the difference between Levy and tithe?

levy – a charge imposed and collected. revenue enhancement, tax, taxation – charge against a citizen’s person or property or activity for the support of government. tithe – a levy of one tenth of something.