Commit and Levy

• (v.t.) To give in trust; to put into charge or keeping; to intrust; to consign; -- used with to, unto.
• (v.t.) To confound.
• (v.i.) To sin; especially, to be incontinent.
• (v.t.) To put in charge of a jailor; to imprison.
• (v.t.) To join for a contest; to match; -- followed by with.
• (v.t.) To pledge or bind; to compromise, expose or endanger by some decisive act or preliminary step; -- often used reflexively; as, to commit one's self to a certain course.
• (v.t.) To do; to perpetrate, as a crime, sin or fault.

verb

• Perform an act, usually with a negative connotation.
  • usage: "perpetrate a crime"; "pull a bank robbery"
  • synonyms: perpetrate, pull
• Give entirely to a specific person, activity, or cause.
  • usage: "She committed herself to the work of God"; "give one's talents to a good cause"; "consecrate your life to the church"
  • synonyms: give, dedicate, consecrate, devote
• Cause to be admitted; of persons to an institution.
  • usage: "After the second episode, she had to be committed"; "he was committed to prison"
  • synonyms: institutionalize, institutionalise, send, charge
• Confer a trust upon.
  • usage: "The messenger was entrusted with the general's secret"; "I commit my soul to God"
  • synonyms: entrust, intrust, trust, confide
• Make an investment.
  • usage: "Put money into bonds"
  • synonyms: invest, put, place
• Engage in or perform.
  • usage: "practice safe sex"; "commit a random act of kindness"
  • synonyms: practice

(DoD) The process of committing one or more air interceptors or surface-to-air missiles for interception against a target track.

noun

• A charge imposed and collected.
• The act of drafting into military service.
  • synonyms: levy en masse

verb

• Impose and collect.
  • usage: "levy a fine"
  • synonyms: impose
• Cause to assemble or enlist in the military.
  • usage: "raise an army"; "recruit new soldiers"
  • synonyms: recruit, raise

• (n.) The act of levying or collecting by authority; as, the levy of troops, taxes, etc.
• (v.t.) 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.
• (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.
• (n.) That which is levied, as an army, force, tribute, etc.
• (v.t.) To raise or collect by assessment; to exact by authority; as, to levy taxes, toll, tribute or contributions.
• (v.t.) To raise, as a siege.
• (n.) The taking or seizure of property on executions to satisfy judgments or on warrants for the collection of taxes; a collecting by execution.
• (n.) A name formerly given in Pennsylvania, Maryland, and Virginia to the Spanish real of one eighth of a dollar (or 12/ cents), valued at eleven pence when the dollar was rated at 7s. 6d.
• (v.t.) To gather or exact; as, to levy money.
• (v.t.) To raise; to collect; said of troops, to form into an army by enrollment, conscription, etc.
• (v.t.) To take or seize on execution; to collect by execution.

Under the Bankruptcy and Insolvency Act the government has imposed a' Levy' (in 1997 equal to 5%) over all dividends paid to unsecured creditors. Therefore, if a creditor is entitled to a $100 dividend, he will only get $95 with $5 being paid to the government.