Source : Webster's Revised Unabridged Dictionary (1913)

Levy \Lev"y\, 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.

   {To levy on goods and chattels}, to take into custody or
      seize specific property in satisfaction of a writ.