Definitions

1. noun

a circumstance or situation that is exempt from a particular rule or requirement

“The tax exemption allowed the charity to save a significant amount of money.”

2. noun

a right or privilege that someone is exempt from, especially in a particular situation or under certain circumstances

“Her exemption from military service was granted due to her medical condition.”

3. noun

a reduction or decrease in something, especially a tax or duty

“The company enjoyed a significant exemption on its export goods.”

4. verb

to free someone or something from a particular rule, requirement, or obligation

“The law exempts low-income families from paying property taxes.”