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Dictionary definition for: Exemption

1. (n) immunity from an obligation or duty

2. (n) 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. (n) an act exempting someone; "he was granted immunity from prosecution"

WordNet 2.1 Copyright Princeton University. All rights reserved.