Exemption

Introduction to Exemption

Exemption, freedom from an obligation, liability, or duty to which others are subject. Exemptions are granted either in the interest of fairness, to pay allegiance to an interest or concept by granting it a position of priority, or as a regulatory device designed to cause a desired effect.” (1)

Resources

Notes and References

• Information about Exemption in the Encarta Online Encyclopedia

Guide to Exemption