The Collaborative International Dictionary of English v.0.48:

Levy \Lev"y\, n. [F. lev['e]e, fr. lever to raise. See Lever,
   and cf. Levee.]
   1. The act of levying or collecting by authority; as, the
      levy of troops, taxes, etc.
      [1913 Webster]

            A levy of all the men left under sixty. --Thirlwall.
      [1913 Webster]

   2. That which is levied, as an army, force, tribute, etc. "
      The Irish levies." --Macaulay.
      [1913 Webster]

   3. (Law) The taking or seizure of property on executions to
      satisfy judgments, or on warrants for the collection of
      taxes; a collecting by execution.
      [1913 Webster]

   Levy in mass [F. lev['e]e en masse], a requisition of all
      able-bodied men for military service.
      [1913 Webster]