Dictionary
exemption
noun ex·emp·tion \ig-ˈzem(p)-shən\
: freedom from being required to do something that others are required to do
: a source or amount of income that is not taxed
Full Definition of EXEMPTION
2
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First Known Use of EXEMPTION
14th century
Other Economics Terms
EXEMPTION Defined for Kids
exemption
noun ex·emp·tion \ig-ˈzemp-shən\
Definition of EXEMPTION for Kids
: freedom from having to do something that other people are required to do
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