levy (v.) Look up levy at Dictionary.com
early 13c., "act of raising or collecting," from Anglo-French leve, from Old French levée "act of raising," noun use of fem. past participle of lever "to raise" (see lever). Originally of taxes, later of men for armies (c.1500). Related: Levied; levying.
levy (n.) Look up levy at Dictionary.com
"an act of levying," early 15c., from Anglo-French leve, Old French levée "a raising, lifting; levying," noun use of fem. past participle of lever "to raise" (see lever).