Mike Daniels
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a corporate/legal/tax loophole He has pledged to close a tax loophole that has allowed US firms to take business and jobs abroad. a loophole in sth Determined landlords found it easy to exploit loopholes in the law .
The meaning of LOOPHOLE is a means of escape; especially : an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded. How to use loophole in a sentence.
LOOPHOLE meaning: 1. a small mistake in an agreement or law that gives someone the chance to avoid having to do…. Learn more.
A loophole is vague wording in a law or rule that allows for the punishment of as many people as possible. Loophole definition: a means of escape or evasion; a means or opportunity of evading a rule, law, etc.. See examples of LOOPHOLE used in a sentence.
loophole. noun. /ˈluːphəʊl/. /ˈluːphəʊl/. loophole (in something) a mistake in the way a law, contract, etc. has been written that enables people to legally avoid doing something that the law, contract, etc. had intended them to do. a legal/tax loophole. a law designed to close any loopholes in tax. Extra Examples.
A loophole in the law is a small mistake which allows people to do something that would otherwise be illegal. It is estimated that 60,000 businesses are exploiting a loophole in the law to avoid prosecution.
LOOPHOLE definition: a mistake in an agreement or law which gives someone the chance to avoid having to do something. Learn more.
A loophole is an accidental technicality or unclear section of a written document that allows someone to avoid following a rule or fulfilling an obligation. If you've discovered a way to get out of paying taxes on money you made last year, you've found a loophole.
1. A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law. 2. A small hole or slit in a wall, especially one through which small arms may be fired. [ loop + hole .]
Jun 2, 2024 · loophole (third-person singular simple present loopholes, present participle loopholing, simple past and past participle loopholed) ( military, transitive) To prepare a building for defense by preparing slits or holes through which to fire on attackers. ( transitive) To exploit (a law, etc.) by means of loopholes.
