exemption

Definitions of "exemption"
  1. This is the process by which a person, object, or event becomes free from an obligation, rule, or consequence
  2. It refers to a person, object, or event that has been made free from an obligation, rule, or consequence
  3. It is a specified amount of income that one does not have to pay taxes on, according to tax laws
  4. It is the legal right to protect certain types of property from becoming part of a bankruptcy estate, as stipulated by federal and state laws
How to use "exemption" in a sentence
  1. The non-profit organization applied for an exemption from property taxes.
  2. Due to her low income, she was granted an exemption from paying federal income tax.
  3. After filing for bankruptcy, the individual claimed an exemption for his primary residence.

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