Exemption definition

ĭg-zĕmpshən
Frequency:
The sum specified.
noun
2
0
The state of being exempt; immunity.
noun
2
0
An exception to the ordinary operation of law, as:
  • An exception of certain property from bankruptcy or taxation.
  • The deduction of a certain amount in the computation of net income with regard to taxation, allowed for an individual, that individual's dependents, and certain characteristics, such as blindness or age.
  • Excuse from performance of a legal duty, such as release from serving in the military or as a juror.
noun
1
0
Exemption is defined as freedom from an obligation, duty or consequence.

When everyone else is required to attend a meeting and you don't have to attend, this is an example of a situation where you have an exemption.

noun
1
1
The act or an instance of exempting.
noun
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1
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The exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent.
noun
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1
Any such dependent.
noun
1
1
The state of not being subject to a responsibility held by others; in taxes, an amount subtracted from gross income to determine taxable income.
noun
1
1
An act of exempting.
noun
1
1
A deduction from the normal amount of taxes.
noun
1
1
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noun
1
1
The state of being exempt; immunity.
noun
1
2
An exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity.
noun
1
2

Other Word Forms

Noun

Singular:
exemption
Plural:
exemptions

Origin of exemption

  • From Old French exemption, from Latin exemptio, from eximere

    From Wiktionary