14 Sept 2022 · not having to obey a rule or to do something that is usually necessary: Nonprofit organizations are exempt from taxes.
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to excuse someone or something from a duty, payment, etc.: Small businesses have been exempted from the tax increase. Taxation. amortizable. anti-dumping.
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: to release or exclude from some liability (as in taxation), obligation, or duty to which others are subject exempts the income of a spendthrift trust— W. M. ...
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to free from an obligation or liability to which others are subject; release: A grade above B+ is required in order to exempt a student from an examination.
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The adjective exempt traces back to the Latin word exemptus, meaning “to remove or take out” or “to free”. So if you are exempt, you are free of an obligation ...
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To exempt a person or thing from a particular rule, duty, or obligation means to state officially that they are not bound or affected by it.
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EXEMPT meaning: not required to do something that others are required to do usually + from.
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exemptex‧empt1 /ɪɡˈzempt/ ○○○ adjective ; LET/ALLOWnot affected by something, or not having to do it or pay itexempt from The interest is exempt from income ...
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Definition of EXEMPTION (noun): permission to ignore rule or obligation.
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1. freed from or not subject to an obligation, liability, tax, etc; excused: exempt gilts; tax-exempt bonus.
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exemption · [uncountable, countable] exemption (from something) official permission not to do something or pay something that you would normally have to do or ...
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Exempt definition · The definition of exempt is you are excused from a rule or an obligation imposed on others. · Not subject to certain federal workplace laws or ...
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An exemption reduces the amount of income that is subject to income tax. There are a variety of exemptions allowed by the Internal Revenue Service (IRS).
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synonyms for exempt · immune · absolved · clear · cleared · discharged · excepted · excluded · excused ...
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Define Exempted Person. means the Sponsor, its members and its affiliates, any of their respective direct or indirect transferees of at least 15% of the ...
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