- 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.
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.
Other Word Forms
Origin of exemption
- From Old French exemption, from Latin exemptio, from eximere