LEVY
To assess; to seize or collect. The legal seizure of property in order to repay debt. In the United States, the Internal Revenue Services (IRS) has the authority to levy a person’s assets such as a car, boat, house, or property that belongs to an individual and is being held by another person, including accounts receivables, bank accounts, dividends, licenses, rental income, retirement accounts, wages, commissions or cash loan value of a life insurance policy.
To levy a tax refers to evaluating a property and determining the rate of taxation. On the other hand, to levy an execution means appropriation or seizure of an individual’s asset to satisfy his or her own obligation. Levy is different from lien; the latter is used to claim a security for the tax debt.
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SEE FOREX TUTORIAL
Buying a Home: Getting Pre-Approved for a Mortgage
An Introduction to MetaTrader 4 and MetaTrader 5
A Guide to Your Personal Income Tax: Basics
Ethical Investing: Looking Into Ethical Investments
Student Loans: Consolidating Federal Loans
ECONOMIC CALENDAR
Time | Country | Indices | Period |
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07:00 | Leading Indicators | Jan | |
07:00 | Leading Indicators | Jan | |
13:00 | CBI retail sales volume balance | Mar | |
13:00 | CBI retail sales volume balance | Mar | |
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
16:00 | New Home Sales | Feb | |
16:00 | New Home Sales | Feb | |
01:30 | Westpac Consumer Sentiment | Mar |