The Collaborative International Dictionary of English v.0.48:
Level \Lev"el\, v. t. [imp. & p. p. Leveled (-[e^]ld) or
Levelled; p. pr. & vb. n. Leveling or Levelling.]
1. To make level; to make horizontal; to bring to the
condition of a level line or surface; hence, to make flat
or even; as, to level a road, a walk, or a garden.
2. To bring to a lower level; to overthrow; to topple down;
to reduce to a flat surface; to lower.
And their proud structures level with the ground.
He levels mountains and he raises plains. --Dryden.
3. To bring to a horizontal position, as a gun; hence, to
point in taking aim; to aim; to direct.
Bertram de Gordon, standing on the castle wall,
leveled a quarrel out of a crossbow. --Stow.
4. Figuratively, to bring to a common level or plane, in
respect of rank, condition, character, privilege, etc.;
as, to level all the ranks and conditions of men.
5. To adjust or adapt to a certain level; as, to level
remarks to the capacity of children.
For all his mind on honor fixed is,
To which he levels all his purposes. --Spenser.