Leviable is a word that is pronounced luh-vahy-uh-buhl. The IPA phonetic transcription for this word is /ˈlɛvɪəbəl/. The spelling of the word can be explained by breaking it down into its constituent parts. The root word is "levy," which means to impose or collect a tax or fine. The suffix "-able" is added to the end of the root word to form an adjective meaning capable of being levied. The spelling of this word is straightforward and follows standard English pronunciation rules.
Leviable is an adjective that refers to something capable of being levied, imposed, or collected. It is derived from the verb "levy," which means to impose or collect as a tax, fee, or fine.
In the context of taxes, leviable is used to describe a taxable item or source of revenue that is eligible for being subject to taxation or assessed for the purpose of financial obligation. It pertains to an individual or entity's liability to pay taxes or governmental charges. For example, a leviable property refers to a piece of real estate that can be taxed by the local government based on its assessed value.
The term leviable can also extend beyond taxation, encompassing the imposition of other types of charges or fees. For instance, fines or penalties imposed by regulatory agencies or legal authorities can be leviable on individuals or businesses found to be in violation of specific laws or regulations.
The adjective "leviable" underscores the potential or suitability of something to be subjected to a financial imposition, reflecting its capacity to be legally enforced or collected. It emphasizes the ability to impose a monetary obligation and highlights the existence of an authoritative power capable of enforcing the collection or payment of the levied amount.
• See under levy.
• That may be collected or assessed; to levy war, to raise or begin war.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "leviable" comes from the verb "levy", which is derived from the Old French term "lever" meaning "to raise" or "to lift". The Middle English form of "leviable" was "leveable", which originally meant "able to be lifted" or "capable of being raised". Over time, its usage expanded to encompass the sense of imposing or collecting taxes or charges. Thus, "leviable" now primarily refers to something that can be lawfully imposed, collected, or demanded, usually in the context of taxes or duties.