Home » Bank Levy

Bank Levy

« Back to Glossary Index

A bank levy is what happens when your bank account gets frozen while the money in your account gets taken away from you. This normally happens when you do not pay your taxes or debt.

Normally, it is government agencies (like the IRS) that make use of a bank levy, using it to collect unpaid taxes. They will freeze your account and they take money equal to the amount that is owed. When your account is under a bank levy, you will not have access to your funds until the entire debt is paid back.


Parabolic describes a market that moves a great distance in a very short period of time, frequently moving in an accelerating Read more

Bitcoin Block

Blocks are data structures within the blockchain database, where transaction data in a cryptocurrency blockchain are permanently recorded. A block records Read more

Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

XM Bonus