exempt


1ex·empt

adjective \ig-ˈzem(p)t\

: not required to do something that others are required to do

Full Definition of EXEMPT

1
obsolete :  set apart
2
:  free or released from some liability or requirement to which others are subject <was exempt from jury duty> <the estate was exempt from taxes>

Origin of EXEMPT

Middle English, from Anglo-French, from Latin exemptus, past participle of eximere to take out — more at example
First Known Use: 14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2exempt

verb

: to say that (someone or something) does not have to do something that others are required to do : to make (someone or something) exempt

Full Definition of EXEMPT

transitive verb
:  to release or deliver from some liability or requirement to which others are subject <exempted from military service>

First Known Use of EXEMPT

15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with EXEMPT

3exempt

noun

Definition of EXEMPT

:  one exempted or freed from duty

First Known Use of EXEMPT

1670

Other Legal Terms

actionable, alienable, carceral, chattel, complicity, decedent, larceny, malfeasance, modus operandi

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