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excise

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excise

Main Entry:: ¹ex·cise
Pronunciation:: \ˈek-ˌsīz, -ˌsīs\
Function:: noun
Etymology:: obsolete Dutch excijs (now accijns), from Middle Dutch, probably modification of Old French assise session, assessment — more at assize
Date:: 15th century

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

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