taxation
taxation Lexical Profile
taxation Game Scores & Validity
• noun
The levying or imposition of compulsory financial charges upon individuals, property, or businesses by a government or sovereign authority to fund public expenditures.
"Reforming the national system of taxation was the central promise of the candidate's economic platform."
The revenue or total sum of money obtained by a government through the collection of taxes.
"Public schools and infrastructure projects are financed primarily through general taxation."
In law, the formal assessment and verification by a court officer of the legal costs and fees incurred during a lawsuit to be paid by one party to another.
"Following the judgment, the prevailing party submitted an itemized bill of costs for taxation by the court clerk."
• Rhymes for taxation
Word Origin & Etymology
Borrowed in Middle English from Old French 'taxacion' and directly from Latin 'taxatio' ('an estimating, rating, or valuation'), derived from the verb 'taxare' ('to evaluate, estimate, or assess').