Levy vs Liability - What's the difference?
levy | liability |
To impose (a tax or fine) to collect monies due, or to confiscate property
To raise or collect by assessment; to exact by authority.
* Shakespeare
To draft someone into military service
To raise; to collect; said of troops, to form into an army by enrolment, conscription. etc.
* Fuller
To wage war
To raise, as a siege.
(legal) To erect, build, or set up; to make or construct; to raise or cast up.
The act of levying.
* Thirlwall
The tax, property or people so levied.
* Macaulay
(US, obsolete, Pennsylvania, Maryland, Virginia) The Spanish real of one eighth of a dollar, valued at elevenpence when the dollar was rated at seven shillings and sixpence.
the condition of being liable.
an obligation, debt or responsibility owed to someone.
* 1901 , , (w, The Monkey's Paw)
a handicap that holds one back.
the likelihood of something happening.
As a proper noun levy
is : levy.As a noun liability is
the condition of being liable.levy
English
Etymology 1
From (etyl) leve'', from (etyl) ''levee'', from ''lever "to raise".Verb
(en-verb)- to levy a tax
- If they do this my ransom, then, / Will soon be levied .
- Augustine inflamed Ethelbert, king of Kent, to levy his power, and to war against them.
- (Holland)
- to levy a mill, dike, ditch, a nuisance, etc.
- (Cowell)
Noun
(levies)- A levy of all the men left under sixty.
- The Irish levies .
Etymology 2
Contraction of elevenpence.Noun
(levies)See also
* levee * Levi ----liability
English
Noun
(wikipedia liability) (liabilities)- "I was to say that Maw and Meggins disclaim all responsibility," continued the other. "They admit no liability at all, but in consideration of your son's services they wish to present you with a certain sum as compensation."