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Noun: loophole  'loop,hówl
  1. An ambiguity (especially one in the text of a law or contract) that makes it possible to evade a difficulty or obligation
    "The clever lawyer found a loophole that allowed his client to avoid paying taxes"
     
  2. A small hole in a fortified wall; for observation or discharging weapons
    "The castle's walls were dotted with loopholes for archers"

Derived forms: loopholes

Type of: ambiguity, hole

Encyclopedia: Loophole