Levy

/ˈlevi/
Definition 1 of 4
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Government Fees

Often related to taxes or required payments set by authorities for specific purposes.

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A flood defense levy was introduced to fund barriers.
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Not Always Negative

Levies can be seen positively if they fund beneficial services or improvements.

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The music festival included a small levy to support local arts.
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Fixed or Variable

Levies might be a fixed amount or vary based on value, such as a percentage of goods' price.

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A 10% levy on imported cheese raises its cost.
Visual representation of the word "Levy"

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