exemption

  • 21exemption — 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.… …

    Universalium

  • 22exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …

    Black's law dictionary

  • 23exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …

    Black's law dictionary

  • 24exemption — A privilege, sometimes referred to as a right, granted to a debtor by the grace and favor of the state on the grounds of public policy for a humane and generous purpose, which permits him to retain a portion of his property or earnings free from… …

    Ballentine's law dictionary

  • 25exemption — (è gzan psion ; en vers, de quatre syllabes) s. f. Dispense, affranchissement d une charge, d une obligation. Exemption de service. •   Donnez des exemptions aux familles qui augmentent la culture, FÉN. Tél. XII. •   La noblesse était exempte d… …

    Dictionnaire de la Langue Française d'Émile Littré

  • 26exemption — I (New American Roget s College Thesaurus) Freedom from obligation Nouns exemption, freedom, immunity, impunity, privilege, liberty, release, excuse, dispensation, exception, benefit of clergy, executive privilege, absolution, discharge; [bill,… …

    English dictionary for students

  • 27exemption — ex|emp|tion [ıgˈzempʃən] n 1.) an amount of money that you do not have to pay tax on ▪ You qualify for a tax exemption on the loan. 2.) [U and C] permission not to do or pay something that you would normally have to do or pay exemption from ▪… …

    Dictionary of contemporary English

  • 28exemption — ex|emp|tion [ ıg zempʃən ] noun count or uncount ** permission to ignore something such as a rule, obligation, or payment: exemption from: He was granted exemption from military service. tax exemption: tax exemptions for companies relocating to… …

    Usage of the words and phrases in modern English

  • 29exemption — ex•emp•tion [[t]ɪgˈzɛmp ʃən[/t]] n. 1) bus the circumstances of a taxpayer, as age or number of dependents, that permit certain deductions to be made from taxable income 2) the act of exempting 3) the state of being exempted; immunity • Etymology …

    From formal English to slang

  • 30exemption — /ɪg zempʃ(ə)n/ noun the act of exempting something from a contract or from a tax ♦ exemption from tax or tax exemption the fact of being free from having to pay tax ● As a non profit making organisation you can claim tax exemption …

    Dictionary of banking and finance