Homonym: Levy (Tax)
A "levy" is a legal process by which a government or authority collects taxes, fees, or other dues from individuals or businesses. It can also refer to the act of imposing a financial charge or obligation, often to fund public services or projects. Levies can be temporary or permanent, depending on the needs of the governing body.
In addition to taxes, a levy can involve the seizure of property to satisfy a debt. For example, if someone fails to pay their taxes, the government may place a levy on their assets to recover the owed amount. This ensures that financial obligations are met.