1) v. to seize (take) property upon a writ of execution (an order to seize property)
issued by the court to pay a money judgment granted in a lawsuit. The levy is actually
made by a sheriff or other official at the request of the holder of the judgment
(the winner in the lawsuit), and the property will be sold at a sheriff's sale to
provide money to satisfy the unpaid judgment. 2) v. the act of a governmental legislative
body, such as a board of supervisors or commissioners assessing a tax on all property,
all sales, business licenses or any thing or transaction which may be taxed. Thus,
the county "levies" a tax on businesses. 3) n. the seizure of property to satisfy
a judgment.
See also creditor's rights sheriff's sale tax writ of execution
law dictionary, legal
dictionary, online law dictionary, legal terms dictionary,
online legal dictionary, legal definition, legal
terms and definition, Best online Dictionary, Law
Dictionary Software, Download Law Dictionary, law
dictionary, legal dictionary, online law dictionary,
legal terms dictionary, online legal dictionary,
legal definition, legal terms and definition, Best
online Dictionary, Law Dictionary Software, Download
Law Dictionary
