Look up: Exemption

1. 
   Exemption
   A state (with primacy) may exempt a public water system from a requirement involving a Maximum Contaminant Level (MCL), treatment technique, or both, if the system cannot comply due to compelling economic or other factors, or because the system was in operation before the requirement or MCL was instituted; and the exemption will not create a public health risk. (See variance.)
   Found on http://www.epa.gov/OCEPAterms/
   
   
2. 
   exemption
   [n] - immunity from an obligation or duty 2. [n] - an act exempting someone
   Found on http://www.webdictionary.co.uk/definitio
   
   
3. 
   Exemption
   An allowable expense subtracted from gross income to reduce income tax liability. An exemption... <a target=_blank href='http://www.finance-glossary.com/terms/exemption.htm?id=520&ginPtrCode=00000&PopupMode=false' title='Read full definition of exemption'>more</a>
   Found on http://www.finance-glossary.com/pages/ho
   
   
4. 
   exemption
   exemption of a quantity of nuclear material from declaration(Article 22) Category: Nuclear industry (with applied atomic and nuclear physics)
   Found on http://www.mijnwoordenboek.nl/definition
   
   
5. 
   Exemption
   Is the removal of a piece of property from the tax base. The exemption may be partial or complete.
   Found on http://www.understandingforeclosure.info
   
   
6. 
   Exemption
   Ex·emp'tion noun [ Latin exenptio a removing: confer French exemption exemption.] The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc., to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc.
   Found on http://www.encyclo.co.uk/webster/E/85
   
   
7. 
   exemption
   immunity noun an act exempting someone; `he was granted immunity from prosecution`
   Found on http://wordnet.princeton.edu/perl/webwn?
   
   
8. 
   exemption
   noun 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`
   Found on http://wordnet.princeton.edu/perl/webwn?
   
   
9. 
   exemption
   noun immunity from an obligation or duty
   Found on http://wordnet.princeton.edu/perl/webwn?
   
   
10. 
    Exemption
    An `exemption` is a rule or law which excepts certain things from another rule or law. For example: *A grandfather clause, in the modern use of the U.S. term, is an exemption that allows a pre-existing condition to continue, even if such a condition is now prohibited from being begun anew. *A tax exemption allows a certain amount of income or other value to legally avoid taxation. * Particularly in the US, an `exempt employee` is one who is exem...
    Found on http://en.wikipedia.org/wiki/Exemption
    
    
11. 
    Exemption
    Direct reductions from gross income allowed by the IRS.
    Found on http://www.duke.edu/~charvey/Classes/wpg
    
    
12. 
    Exemption
    • (n.) The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc., to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc.
    Found on http://thinkexist.com/dictionary/meaning
    
    
13. 
    exemption
    (from the article `property tax`) The property tax has been increasingly weakened by a variety of exemptions. In the United States, for example, exemptions apply to about one-third of ... There are several ways of allowing for differences in family units. One is to give an exemption for each dependent, either on a flat per capita basis ...
    Found on http://www.britannica.com/eb/a-z/e/58
    
    
14. 
    Exemption
    - Amount of a taxpayer's income that is not subject to tax. All individuals, TRUSTS, and estates qualify for an exemption unless they are claimed as a dependent on another individual's tax return. Exemptions also are granted to taxpayers for their dependents.
    Found on http://www.nysscpa.org/prof_library/guid
    
    
15. 
    Exemption
    The practice of exempting a student from a requirement. For example, if a college required all students to take freshman English, but on the basis of evidence of outstanding prior achievement (such as high scores on an examination) waived the requirement, this would constitute exemption.
    Found on http://www.uta.fi/FAST/US5/REF/glossary.