The process of freeing or state of being free from an obligation or liability imposed on others. She received an exemption from the jury duty due to her medical condition.
A deduction allowed by law to reduce the amount of income that would otherwise be taxed. The taxpayer claimed an exemption for each of his dependents on his tax return.
A person or thing that is exempted from a rule, duty, or requirement. The new regulation includes exemptions for small businesses.