Exemption

/ɪɡˈzɛmʃən/

Meaning & Definition

noun

the process of freeing or state of being free from an obligation or liability imposed on others.

The charity received an exemption from paying property taxes.

a formal release from liability or obligation.

Students may apply for an exemption from certain course requirements.

the right to be free from a specific duty or obligation.

She was granted an exemption from jury duty due to her medical condition.

a specific amount of income or property that is not subject to tax.

Many taxpayers may qualify for an exemption that reduces their taxable income.

a situation or condition that allows an individual to be free from the restrictions or rules that typically apply.

The athlete received an exemption to compete despite a recent injury.

From Latin 'exemptionem', meaning 'a taking out' or 'release'.

tax exemption:

A reduction in the amount of tax owed, usually provided to certain individuals or organizations.

exemption clause:

A provision in a contract that exempts a party from certain liabilities.

full exemption:

Complete freedom from an obligation or requirement.

Get out of jail free card

That tax exemption felt like a get out of jail free card for my finances.

Freebie

Having that exemption was like getting a freebie on my tuition fees.