excise

¹ex·cise

noun \ˈek-ˌsīz, -ˌsīs\

Definition of EXCISE

1

: an internal tax levied on the manufacture, sale, or consumption of a commodity

2

: any of various taxes on privileges often assessed in the form of a license or fee

Examples of EXCISE

1. an excise imposed on a number of goods

Origin of EXCISE

obsolete Dutch excijs (now accijns), from Middle Dutch, probably modification of Old French assise session, assessment — more at assize

First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with EXCISE

advice, allspice, black ice, Brandeis, bride-price, brown rice, concise, cut ice, cut-price, deice, device, dry ice, entice, fried rice, list price, make nice, no dice, off-price, on ice, pack ice, precise, shelf ice, strike price, white rice, wild rice