term:

Tax

tax vt

[Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix]
1 : to assess or determine judicially the amount of (costs of an action in court)
2 : to levy a tax on [ the corporation] [ capital gains]
tax·er n

n often attrib
1 : a charge usually of money imposed by legislative or other public authority upon persons or property for public purposes
2 : a sum levied on members of an organization to defray expenses

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.