What's the difference between levy and lien?

Levy


Definition:

  • (n.) A name formerly given in Pennsylvania, Maryland, and Virginia to the Spanish real of one eighth of a dollar (or 12/ cents), valued at eleven pence when the dollar was rated at 7s. 6d.
  • (n.) The act of levying or collecting by authority; as, the levy of troops, taxes, etc.
  • (n.) That which is levied, as an army, force, tribute, etc.
  • (n.) The taking or seizure of property on executions to satisfy judgments, or on warrants for the collection of taxes; a collecting by execution.
  • (v. t.) To raise, as a siege.
  • (v. t.) To raise; to collect; said of troops, to form into an army by enrollment, conscription, etc.
  • (v. t.) To raise or collect by assessment; to exact by authority; as, to levy taxes, toll, tribute, or contributions.
  • (v. t.) To gather or exact; as, to levy money.
  • (v. t.) To erect, build, or set up; to make or construct; to raise or cast up; as, to levy a mill, dike, ditch, a nuisance, etc.
  • (v. t.) To take or seize on execution; to collect by execution.
  • (v. i.) To seize property, real or personal, or subject it to the operation of an execution; to make a levy; as, to levy on property; the usual mode of levying, in England, is by seizing the goods.

Example Sentences:

  • (1) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (2) With grievous amazement, never self-pitying but sometimes bordering on a sort of numbed wonderment, Levi records the day-to-day personal and social history of the camp, noting not only the fine gradations of his own descent, but the capacity of some prisoners to cut a deal and strike a bargain, while others, destined by their age or character for the gas ovens, follow "the slope down to the bottom, like streams that run down to the sea".
  • (3) The levy would also confirm the dramatically changing nature of Pakistan's ties with its western partners, from a strategic alliance to a transactional relationship, with deep suspicions on both sides.
  • (4) Only appropriations bills and the deficit levy on high income earners are certain to pass.
  • (5) The chancellor has stated that such levies will also be introduced in France and Germany.
  • (6) The sanctions that could be levied in the aftermath of the Geneva meeting were expected to focus on Putin's close associates, including oligarchs who control much of Russia's wealth, as well as businesses and other entities they control.
  • (7) The Treasury was adamant last night that this would not be the impact at an industry level and produced figures that showed, for instance, in 2014-15, the corporation tax costs being £0.4bn, compared with a bank levy yield of £2.4bn.
  • (8) He echoed what Paul Dillinger, head of global product innovation at Levi Strauss, said earlier in the day when he challenged designers to rethink their design processes.
  • (9) The £180m a year scheme is to be paid for by a £10.50 levy on all home insurance, from homeowners who are not at elevated risk of flooding as well as those who are.
  • (10) Asked if the government security agencies would be inspecting the site, Levy said: “Yes, of course.
  • (11) The sugar tax was greeted with hostility by the industry and Wright argues that the levy, introduced by the chancellor in the budget , will be undermined by flawed analysis of its impact.
  • (12) Daniel Levy, the chairman, was, according to sources, incandescent and there is the firm belief at Tottenham that Chelsea did not truly want Willian.
  • (13) Levies exist in many European countries and Canada, and Ofcom highlighted them as one of four main ideas in its PSB review earlier this year.
  • (14) The chancellor, while prepared to listen to the banking industry, is determined to push through regulatory changes, such as the new bank levy.
  • (15) Miliband says he does not want union levy payers disenfranchised from the Labour party elections, but is happy to look at how the relationship could be reformed.
  • (16) The soft drinks industry levy was confirmed in the Queen’s speech, with the formal consultation expected to start soon.
  • (17) I can’t think of any reason to justify a 1.5% levy on businesses for childcare purposes.” The Australian Industry Group also called for a clarification that the levy was not going to be redirected.
  • (18) The penalties levied on Barclays are part of an international investigation involving a number of banks – including RBS and Lloyds Banking Group – into interest rates known as the London interbank offered rate (Libor) and the Euro interbank offered rate (Euribor).
  • (19) This year the total bonus pool since the 2008 crash will break through the £80bn barrier – around three and a half times the amount banks have paid in Corporation tax and the bank levy (pdf) .
  • (20) He added: "The levy has been designed to encourage less risky funding and complements the wider agenda to improve regulatory standards and enhance financial stability.

Lien


Definition:

  • () of Lie
  • (obs. p. p.) of Lie. See Lain.
  • (n.) A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty; a right in one to control or hold and retain the property of another until some claim of the former is paid or satisfied.

Example Sentences:

  • (1) Through a spokeswoman, Vaccaro said the previous arrests never resulted in a conviction, and that he has paid the tax liens.
  • (2) Unlike Lien, Liu has no choice in the matter; he is serving 11 years in a prison in northern China.
  • (3) The Greek government’s willingness to walk into the fire is a dangerous proposition for Europe and the global markets,” said Kathy Lien, managing director of FX strategy for BK Asset Management in New York, in a note to clients.
  • (4) The results are summarized as follows: 1) Oral administration of 0.5 g of Ko-ken-huang-lien-huang-chin-tang (pueraria, coptis, scute and licorice combination) to piglets at 1 day old was effective in reducing incidence of infection (P less than 0.1) and increasing the body weight gain (P less than 0.05) during the first 10 days of life.
  • (5) Facebook Twitter Pinterest US President Barack Obama waves after eating dinner at Bun cha Huong Lien with Anthony Bourdain in Hanoi.
  • (6) A total of 166 Ami and 128 Atayal adolescents were included from their original living area, the Hwa-Lien Hsin and Wa-Lai District, Taiwan, Republic of China.
  • (7) These results indicate that the properties of the effect of Lien on haemodynamics may be similar to those of verapamil and different from those of Qui.
  • (8) Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty.
  • (9) US Secret Service and local police closed down the streets surrounding Bun Cha Huong Lien eatery on Monday evening.
  • (10) We have had no lien on the Chinese mainland since the Boxer rebellion .
  • (11) While 54-year-old restaurant owner Nguyen Thi Lien knew a foreign television crew was on the way, she had no idea they would be bringing a very special guest.
  • (12) Te-An Lien of Chinese Taipei just completed the third round, and he’s in last place (39th, to be precise).
  • (13) Reporters crammed into the meeting room in a Beijing hotel asked whether the organisers had even spoken to Lien's office.
  • (14) The problem lies in a part of the business that focuses on "second-lien" loans, often known as piggybank loans because they are taken out as well as mortgages.
  • (15) We didn't see a huge reaction in the pound because it's late in the New York session but you'll see some more aggressive selling when the market opens (in Asia) on Sunday," Kathy Lien, managing director of BK Asset Management in New York told Reuters.
  • (16) Koso-san (Hsiang-su-san), Oren-gedoku-to (Huang-lien-chieh-tu-tan), Gorei-san (Wu-ling-san), Kakkon-to (Ko-ken-tang) and Byakkoka-ninjin-to (Pai-hu-chia-jen-sheng-tang) showed no effects.
  • (17) A 58-year-old housewife from Ar-Lien village, Kao-Hsiung County, was admitted to the National Taiwan University Hospital in July 1988, after suffering from diarrhea, lower leg edema and weight loss for one year.
  • (18) Fossil fuels will play a large part in that, so CCS has to play a role too,” said Norway’s energy minister Tord Lien.
  • (19) Thus, in cases where the diagnosis is proven and the course of the disease is reasonably mild and painless, conservative management of intrascrotal hydatid torsion is possible and can be an effective means of treatment in lien of surgical intervention.
  • (20) Federal tax liens filed against Brockmeyer by the Internal Revenue Service (IRS) state that he has tens of thousands of dollars in overdue personal income taxes from joint filings with his wife, Amy.