Meaning

noun a tax that is measured by the amount of business done (not on property or income from real estate)

verb remove by erasing or crossing out or as if by drawing a line

verb levy an excise tax on

originFrom Middle Dutch excijs, altered under the influence of Latin excisus (“cut out, removed”), from earlier accijs (“tax”), from Old French acceis (“tax, assessment”) (whence modern French accise), from Vulgar Latin *accensum, ultimately from Latin ad + census (“tax, census”).

Etymology from Wiktionary, CC BY-SA 3.0