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

Derived forms: exemptions

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

Encyclopedia: Exemption