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exactions

Prononciation : [ɪɡˈzækʃənz]

Mot

Contexte : « financial obligations »

(noun) Exactions are demands for payment or other goods. They often relate to taxes, fees, or other charges that someone must pay.

Exemple

The government imposed new exactions to fund public projects.

Exemple

There were no exactions this year, allowing everyone to keep more of their money.

Exemple

What kinds of exactions do businesses have to pay in our city?

Contexte : « legal requirements »

(noun) In legal terms, exactions are requirements a government makes of a developer to get permission to build. This could be promises to build parks or sidewalks.

Exemple

The city asked for various exactions to enhance community services near the new school.

Exemple

The developer was unhappy because there were no exactions attached to their building permit.

Exemple

What exactions are required for the new construction project?

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