Meaning of “levy” in the English Dictionary

"levy" in American English

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levynoun [ C ]

us /ˈlev·i/

an amount of money, such as a tax, that you have to pay to a government or organization:

A levy was imposed on cotton imports.
levy
verb [ T ] us /ˈlev·i/

Taxes and fees levied on motorists would pay for the new highway.

(Definition of “levy” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"levy" in Business English

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levynoun [ C ]

uk /ˈlevi/ us plural levies FINANCE, TAX

an amount of money, such as a tax, that has to be paid to a government or organization:

The financial authority is to impose a levy on every financial product sold.
be exempt from/pay a levy Social Security income that resides in a bank account is exempt from a levy.
abolish/end a levy The government plans to abolish a levy on equities trading.

levyverb [ T ]

uk /ˈlevi/ us FINANCE, TAX

to officially ask for an amount of money, such as a tax, for a government or organization:

levy a tax on sth The tax is levied on companies' energy use.

(Definition of “levy” from the Cambridge Business English Dictionary © Cambridge University Press)