Excise
['eksaɪz] or [ɛk'saɪz]
Definition
(noun.) a tax that is measured by the amount of business done (not on property or income from real estate).
(verb.) remove by cutting; 'The surgeon excised the tumor'.
(verb.) levy an excise tax on.
Edited by Bessie--From WordNet
Definition
(n.) 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.
(n.) That department or bureau of the public service charged with the collection of the excise taxes.
(v. t.) To lay or impose an excise upon.
(v. t.) To impose upon; to overcharge.
(v. t.) To cut out or off; to separate and remove; as, to excise a tumor.
Typist: Mason
Synonyms and Synonymous
n. Inland duty, tax upon home products.
Checked by Bonnie
Definition
n. a tax on certain home commodities and on licenses for certain trades; the department in the civil administration which is concerned with this tax.—v.t. to subject to excise duty.—adj. Excis′able liable to excise duty.—n. Excise′man an officer charged with collecting the excise.
v.t. to cut off or out.—n. Exci′sion a cutting out or off of any kind: extirpation.
Edited by Alta
Examples
- The coach-tax and plate tax are examples of the former method of imposing; the greater part of the other duties of excise and customs, of the latter. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The duties of excise are imposed chiefly upon goods of home produce, destined for home consumption. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In addition to scientific discoveries, the manufacture of glass in England received a great impetus by the removal of onerous excise duties which had been imposed on its manufacture. William Henry Doolittle. Inventions in the Century.
- It is otherwise with goods subject to duties of excise. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The aides, which correspond to the excise in England, are very different in different provinces. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The excise duty upon Scotch salt is at present 1s:6d. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In point of perspicuity, precision, and distinctness, therefore, the duties of customs are much inferior to those of excise. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The cautery consists of a loop of platinum wire carried by a suitable non-conducting handle, with means for constricting the white hot loop of wire about the tumor or object to be excised. Edward W. Byrn. The Progress of Invention in the Nineteenth Century.
Checker: Max