Exempted
/ɪɡˈzɛmptɪd/
Definitions
- (adj.) Relieved from an obligation or liability by law or regulation.
Certain nonprofit organizations are exempted from paying federal income tax.
Related terms
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Commentary
Often used as a past participle adjective describing entities or persons released from legal duties or liabilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.