The Collaborative International Dictionary of English v.0.48:

Levant \Le*vant"\ (l[-e]*v[a^]nt"), v. i. [Cf. Sp. levantar to
   raise, go from one place to another.]
   To run away from one's debts; to decamp. [Colloq. Eng.]
   --Thackeray.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Levant \Le"vant\ (l[=e]"vant), a. [F., p. pr. of lever to
   raise.] (Law)
   Rising or having risen from rest; -- said of cattle. See
   Couchant and levant, under Couchant.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Levant \Le*vant"\ (l[-e]*v[a^]nt"), n. [It. levante the point
   where the sun rises, the east, the Levant, fr. levare to
   raise, levarsi to rise: cf. F. levant. See Lever.]
   1. The countries washed by the eastern part of the
      Mediterranean and its contiguous waters.
      [1913 Webster]

   2. A levanter (the wind so called).
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Levant \Le"vant\ (l[=e]"vant; 277), a.
   Eastern. [Obs.]
   [1913 Webster]

         Forth rush the levant and the ponent winds. --Milton.
   [1913 Webster]

WordNet (r) 3.0 (2006):

Levant
    n 1: a heavy morocco often used in bookbinding [syn: Levant,
         Levant morocco]
    2: the former name for the geographical area of the eastern
       Mediterranean that is now occupied by Lebanon, Syria, and
       Israel
    v 1: run off without paying a debt