Loophole
/ˈluːpˌhoʊl/
Definitions
- (n.) A gap or ambiguity in legal rules or statutes that allows evasion of their intent.
The company exploited a loophole in tax law to minimize its liabilities.
Forms
- loopholes
Related terms
See also
Commentary
Loopholes often arise from imprecise drafting; careful statutory construction can minimize their occurrence.
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.