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exemption

[ig-zemp-shuh n] /ɪgˈzɛmp ʃən/
noun
1.
the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income.
2.
the act of exempting.
3.
the state of being exempted; immunity.
Origin
late Middle English
1400-1450
1400-50; late Middle English < Latin exemptiōn- (stem of exemptiō) removal. See exempt, -ion
Related forms
exemptive, adjective
nonexemption, noun
preexemption, noun
Synonyms
3. exception. Exemption, immunity, impunity imply special privilege or freedom from imposed requirements. Exemption implies release or privileged freedom from some duty, tax, etc.: exemption from military service. Immunity implies freedom from a penalty or from some liability, especially one that is disagreeable or threatening: immunity from disease. Impunity (limited mainly to the fixed expression with impunity ) primarily suggests freedom from punishment: The police force was so inadequate that crimes could be committed with impunity.
Antonyms
3. liability.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Word Origin and History for exemptive
exemption
late 14c., from Fr. exemption, from L. exemptionem, noun of action from eximere (see exempt).
Online Etymology Dictionary, © 2010 Douglas Harper
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