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exemption
exemption definition
ex·emp·tion (eg zemp′s̸hən, ig-)
noun
- an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity
- the exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent
- the sum specified
- 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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