Free, or released, from some liability to which others are subject; excepted from the operation or burden of some law; released; free; clear; privileged; (with from): not subject to; not liable to; as, goods exempt from execution; a person exempt from jury service
(of persons) freed from or not subject to an obligation or liability (as e g taxes) to which others or other things are subject; "a beauty somehow exempt from the aging process"; "exempt from jury duty"; "only the very poorest citizens should be exempt from income taxes"
means NOT covered by FLSA overtime pay provisions (GS-1811 criminal investigators receiving availability pay are exempt ) [5 CFR part 551, subpart B] [HRO Part 2, Chapter 3, Hourly Compensation for Overtime Work]
Property that is exempt is removed from the bankruptcy estate and is not available to pay the claims of creditors The debtor selects the property to be exempted from the statutory lists of exemptions available under the law of his state The debtor gets to keep exempt property for use in making a fresh start after bankruptcy More on Exemptions
To release or deliver from some liability which others are subject to; to except or excuse from he operation of a law; to grant immunity to; to free from obligation; to release; as, to exempt from military duty, or from jury service; to exempt from fear or pain
Instruments exempt from registration requirements of the Securities Act of 1933 and the margin requirements of the Securities and Exchange Act of 1934 Exempt securities include debt of the U S Treasury, U S Government agencies and municipalities, private placements, commercial paper, Title XI, and equipment trust certificates
To exempt a person or thing from a particular rule, duty, or obligation means to state officially that they are not bound or affected by it. South Carolina claimed the power to exempt its citizens from the obligation to obey federal law + exemption exemptions ex·emp·tion the exemption of employer-provided health insurance from taxation. not affected by something, or not having to do it or pay it exempt from (exemptus, past participle of eximere; EXAMPLE). to give someone permission not to do or pay something exempt sb from sth
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