exemption Hear it!

exemption definition

ex·emp·tion (eg zemps̸hən, ig-)

noun

  1. an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity
    1. the exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent
    2. the sum specified
    3. any such dependent

Etymology: ME exempcioun < OFr exemption < L exemptio

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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