Excise

word

1. Noun

In inland duty or impost operating as an indirect tax on the consumer, levied upon certain specified articles, as, tobacco, ale, spirits, etc., grown or manufactured in the country. It is also levied to pursue certain trades and deal in certain commodities. Certain direct taxes (as, in England, those on carriages, servants, plate, armorial bearings, etc.), are included in the excise. Often used adjectively; as, excise duties; excise law; excise system.

2. Noun

That department or bureau of the public service charged with the collection of the excise taxes.

3. Verb

To lay or impose an excise upon.

4. Verb

To impose upon; to overcharge.

5. Verb

To cut out or off; to separate and remove; as, to excise a tumor.

6. Noun

a tax that is measured by the amount of business done (not on property or income from real estate)
Vocabulary classified under Economics
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