Levy

Definition

• A fine, tax, or legal judgement imposed on an individual or legal entity.

Synonyms
fee, tax

Related Terms and Acronyms

• Collection — Definition,
  • The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
• Direct Tax — Definition,
  • A tax that is paid straight to the government.
• Indirect Tax — Definition,
  • A tax that is collected by a third party before being transferred to the government.
• Judgement — Definition,
  • A determination by a court of law or a judicial decision.
• Settlement — Definition,
  • An agreement between the parties of a legal case.
• Tax (TX) — Acronym,
  • A levy paid by an individual or entity that is collected by a government.
  ➥ Bank account transaction code.
• Tax Instalment Payment Plan (TIPP) — Acronym, Canada,
  • A popular property tax payment plan that allows you to pay your taxes monthly without any penalties or additional charges.