bank levy

Definition of "bank levy"
  1. An enforcement action used to collect debt by withdrawing money from the debtor's bank account
How to use "bank levy" in a sentence
  1. The creditor obtained a bank levy, withdrawing funds directly from the debtor's savings account.
  2. Due to his overdue credit card bills, he faced a bank levy.
  3. The court ordered a bank levy to repay her outstanding student loans.

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