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Noun: exemption  ig'zemp-shun or eg'zemp-shun
  1. Immunity from an obligation or duty
    - freedom
     
  2. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
    "additional exemptions are allowed for each dependent"
     
  3. An act exempting someone
    "he was granted exemption from prosecution";
    - immunity, granting immunity

Derived forms: exemptions

Type of: deduction, discharge, immunity, release, tax deduction, tax write-off, unsusceptibility, waiver

Encyclopedia: Exemption

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