1. Immunity from an obligation or duty
   - freedom 
2. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
   "additional exemptions are allowed for each dependent" 
3. An act exempting someone
   - immunity, granting immunity

Derived forms: exemptions

See also: exempt

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

Encyclopedia: Exemption

• stock-in-trade
• stock-index futures
• stock-keeping unit
• stock-purchase warrant
• stock-still
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• stockbroker
• stockbroker belt
• stockbroking
• stockcar
• stocked
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• stocker
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• stockholder
• stockholder of record
• stockholders meeting
• stockholding
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• Stockholm
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• stockiness
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• stockinette