Definition, Meaning & Synonyms
levies
noun
ˈlɛvɪz
Definition
Levies are amounts of money that are officially imposed or collected, typically by a government or authority.
Examples
- The government announced new levies on luxury goods.
- Local levies will be used to fund public schools.
- Upon failure to pay, the IRS imposed levies on his bank account.
Meaning
In a financial context, levies refer to the act of imposing a tax, fee, or charge.
Synonyms
- Taxes
- Charges
- Fees
