Source : Webster's Revised Unabridged Dictionary (1913)

Levy \Lev"y\, v. t. [imp. & p. p. {Levied} (l[e^]v"[i^]d); p.
   pr. & vb. n. {Levying}.]
   1. To raise, as a siege. [Obs.] --Holland.

   2. To raise; to collect; said of troops, to form into an army
      by enrollment, conscription, etc.

            Augustine . . . inflamed Ethelbert, king of Kent, to
            levy his power, and to war against them. --Fuller.

   3. To raise or collect by assessment; to exact by authority;
      as, to levy taxes, toll, tribute, or contributions.

            If they do this . . . my ransom, then, Will soon be
            levied.                               --Shak.

   4. (Law)
      (a) To gather or exact; as, to levy money.
      (b) 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. [Obs.] --Cowell. --Blackstone.
      (c) To take or seize on execution; to collect by
          execution.

   {To levy a fine}, to commence and carry on a suit for
      assuring the title to lands or tenements. --Blackstone.

   {To levy war}, to make or begin war; to take arms for attack;
      to attack.

Source : WordNet®

levy
     n 1: a charge imposed and collected
     2: the act of drafting into military service [syn: {levy en
        masse}]
     v 1: impose and collect; "levy a fine" [syn: {impose}]
     2: cause to assemble or enlist in the military; "raise an
        army"; "recruit new soldiers" [syn: {recruit}, {raise}]
     [also: {levied}]

levied
     See {levy}