exempt — ex·empt 1 /ig zempt/ adj: free or released from some obligation or duty to which others are subject: not subject or liable certain properties are declared to be exempt and cannot be taken by a person s creditors J. H. Williamson exempt 2 vt: to… … Law dictionary
Exempt — Ex*empt , a. [F. exempt, L. exemptus, p. p. of eximere to take out, remove, free; ex out + emere to buy, take. Cf. {Exon}, {Redeem}.] 1. Cut off; set apart. [Obs.] [1913 Webster] Corrupted, and exempt from ancient gentry. Shak. [1913 Webster] 2.… … The Collaborative International Dictionary of English
exempt supply — A supply of goods or services falling within Schedule 9 of the Value Added Tax Act 1994. A person making exempt supplies is not required to account for output tax on the exempt supplies but is unable to recover the input tax on those supplies… … Law dictionary
exempt fund manager — A person who manages investment accounts on a discretionary basis and is recognised by the Panel on Takeovers and Mergers as an exempt fund manager for the purposes of the City Code on Takeovers and Mergers. Practical Law Dictionary. Glossary of… … Law dictionary
exempt market maker — A person who is registered as a market maker with the London Stock Exchange in relation to the securities in the target company or, if applicable, the bidder, or is accepted by the Panel on Takeovers and Mergers as a market maker in those… … Law dictionary
exempt — [eg zempt′, igzempt′] vt. [ME exempten < Anglo Fr exempter < L exemptus, pp. of eximere, to take out: see EXAMPLE] to free from a rule or obligation which applies to others; excuse; release adj. [L exemptus] not subject to or bound by a… … English World dictionary
exempt — [[t]ɪgze̱mpt[/t]] exempts, exempting, exempted 1) ADJ: usu v link ADJ, usu ADJ from n If someone or something is exempt from a particular rule, duty, or obligation, they do not have to follow it or do it. Men in college were exempt from military… … English dictionary
exempt — exemptible, adj. /ig zempt /, v.t. 1. to free from an obligation or liability to which others are subject; release: to exempt a student from an examination. adj. 2. released from, or not subject to, an obligation, liability, etc.: organizations… … Universalium
exempt — [ɪg zɛm(p)t, ɛg ] adjective free from an obligation or liability imposed on others: these patients are exempt from all charges. verb make exempt. noun a person who is exempt from something, especially the payment of tax. Derivatives exemption… … English new terms dictionary
exempt — ex•empt [[t]ɪgˈzɛmpt[/t]] v. t. 1) to free from an obligation or liability to which others are subject; release: to exempt a student from an examination[/ex] 2) released from, or not subject to, an obligation, liability, etc.: organizations… … From formal English to slang
