exaction

 
Pronunciation: /ɪgˈzakʃ(ə)n, ɛg-/

noun

[mass noun] formal
  • the action of demanding and obtaining something from someone, especially a payment: he supervised the exaction of tolls at various ports
  • [count noun] a sum of money exacted from someone: the billions flow in through 28 taxes and countless smaller exactions

Origin:

late Middle English: from Latin exactio(n-), from exigere 'ascertain, perfect, enforce' (see exact)