MLchartDataset catalogue

Levy

Term · Law · MLC-T-LAW-005374

The legal seizure of property to satisfy a tax debt or other financial obligation. The Internal Revenue Service, for example, can levy wages, bank accounts, or other assets if a taxpayer fails to pay their taxes. This action is a powerful tool for collecting delinquent amounts.

Table 1. Record
IdentifierMLC-T-LAW-005374
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005374",
  "term": "Levy",
  "field": "Law",
  "definition": "The legal seizure of property to satisfy a tax debt or other financial obligation. The Internal Revenue Service, for example, can levy wages, bank accounts, or other assets if a taxpayer fails to pay their taxes. This action is a powerful tool for collecting delinquent amounts.",
  "url": "https://mlchart.com/terminology/law/levy/"
}

Record 2,964 of 5,441 in Law terminology (MLC-0107). Request the full dataset.