II.   Instruments & Transactions

A Levy is a forced seizure of certain property or equivalent value entered and assessed into some register by persons authorized under commission, warrant or license. While technically a tribute, the concept of Levy first appears in Statute in the 17th century in relation to once off emergencies such as in 1689 (1W&M. S2.c.1).

Given a Levy is a forced seizure of property of equivalent value after certain recorded are entered into a register, by tradition all Levies were traditionally “once off” and with clear and specific purpose, given the propensity for people to reject such force or such property seizure for no good reason.