exemption

exemption
exemptive, adj.
/ig zemp"sheuhn/, n.
1. the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income.
2. the act of exempting.
3. the state of being exempted; immunity.
[1400-50; late ME < L exemption- (s. of exemptio) removal. See EXEMPT, -ION]
Syn. 3. exception. EXEMPTION, IMMUNITY, IMPUNITY imply special privilege or freedom from imposed requirements. EXEMPTION implies release or privileged freedom from some duty, tax, etc.: exemption from military service. IMMUNITY implies freedom from a penalty or from some liability, esp. one that is disagreeable or threatening: immunity from disease. IMPUNITY (limited mainly to the fixed expression with impunity) primarily suggests freedom from punishment: The police force was so inadequate that crimes could be committed with impunity.
Ant. 3. liability.

* * *


Universalium. 2010.

Игры ⚽ Нужен реферат?
Synonyms:

Look at other dictionaries:

  • exemption — [ ɛgzɑ̃psjɔ̃ ] n. f. • 1411; lat. exemptio → exempt 1 ♦ Dispense (d une charge, d un service commun). Exemption du service militaire (⇒ réforme) . Exemption d impôts, de taxes. ⇒ exonération, franchise. Exemption d obligations. ⇒ décharge.… …   Encyclopédie Universelle

  • exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …   Law dictionary

  • Exemption — • The whole or partial release of an ecclesiastical person, corporation, or institution from the authority of the ecclesiastical superior next higher in rank, and the placing of the person or body thus released under the control of the authority… …   Catholic encyclopedia

  • Exemption — Ex*emp tion, n. [L. exemptio a removing: cf. F. exemption exemption.] The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc., to which others are subject; immunity; privilege; as, exemption of certain… …   The Collaborative International Dictionary of English

  • exemption — exemption, immunity are comparable when meaning the act or fact of freeing or the state of being free or freed from something burdensome, disagreeable, or painful. Exemption is more restricted in its meaning, for it applies usually to a release… …   New Dictionary of Synonyms

  • exemption — Exemption, Immunitas. L immunité et exemption qu on a merité par le moyen des services qu on a fait à la republique, Vacatio rerum gestarum. Avoir exemption, Habere immunitatem. Donner exemption d aucune charge, Dare immunitatem alicuius muneris …   Thresor de la langue françoyse

  • exemption — Exemption. s. f. v. (Le P se prononce.) Droit, grace, privilege qui exempte, immunité. Exemption de tailles, de toutes charges publiques. on luy a donné un arrest d exemption, accordé une exemption …   Dictionnaire de l'Académie française

  • exemption — [eg zemp′shən, igzemp′shən] n. [ME exempcioun < OFr exemption < L exemptio] 1. an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity 2. a) the exempting from an individual s taxable income of a… …   English World dictionary

  • exemption — late 14c., from O.Fr. exemption, exencion or directly from L. exemptionem (nom. exemptio) a taking out, removing, noun of action from pp. stem of eximere (see EXEMPT (Cf. exempt)) …   Etymology dictionary

  • exemption — A state or federal statute which shields certain property from the claims of unsecured creditors (SA Bankruptcy.com) Property that the Bankruptcy Code or applicable state law permits a debtor to keep from creditors. (BankruptcyAction.com)… …   Glossary of Bankruptcy

  • exemption — [n] freedom from a responsibility absolution, discharge, dispensation, exception, exoneration, immunity, impunity, privilege, release; concepts 652,685,691 Ant. account ability, answerability, liability, responsibility …   New thesaurus

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”