👉 Excise is a legal term in many countries that refers to the act of removing an object from circulation, typically as part of tax collection. In this context, "excised" generally means removed or confiscated. In the United States, for example, it's common to see the phrase "an excise tax" used when referring to taxes levied on goods or services that have been sold but not yet paid for. This is typically a way of saying that the proceeds from sales of those items
