exemption
noun
the circumstances of a taxpayer, such as their age or number of dependents, that allow them to make certain deductions from taxable income.
exemptive
-
a word derived from
exemption.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
That is why I was encouraged by the Securities and Exchange Commission’s recent announcement External link that it intends to grant exemptive relief on the dual-share-class structure.
From Barron's ● Oct. 30, 2025
He ruled the SEC had erred in its interpretation of the law by mandating public disclosure of the reports, and failed to properly consider requests for exemptive relief.
From Reuters ● Sep. 3, 2013
Said the committee: "As a result of local enabling and federal exemptive legislation, resale price-fixing, otherwise a clear antitrust violation, is today lawful in most American states."
From Time Magazine Archive
