What does leviable mean?
The word leviable refers to something that is capable of being levied or imposed, such as a tax or charge. It is often used in the context of government regulations and financial transactions. In British English, leviable is commonly used to describe something that is subject to a tax or charge, while in American English, it is more commonly used to describe something that is capable of being levied or imposed. This distinction is worth noting, as it can affect the meaning and usage of the word in different contexts. Overall, leviable is a useful word for describing the relationship between a tax or charge and the entity that is subject to it.
adjectiveCapable of being levied or imposed; subject to a tax or charge.
- Capable of being levied or imposed; subject to a tax or charge.
"The government has the power to levy taxes on companies that are leviable under the new law."
"The government has the power to levy taxes on companies that are leviable under the new law."
"The company is leviable for the tax on its profits."
The plural form leviables is used to describe multiple entities that are subject to a tax or charge.
"The government has the power to levy taxes on companies that are leviables under the new law."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of leviable
The word leviable comes from the verb 'levy', which means to impose a tax or charge. The adjective form, leviable, was derived from this verb and is used to describe something that is capable of being levied or imposed.
How leviable is actually used
In British English, leviable is often used to describe something that is subject to a tax or charge, while in American English, it is more commonly used to describe something that is capable of being levied or imposed.