exemptible


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ex·empt

 (ĭg-zĕmpt′)
tr.v. ex·empt·ed, ex·empt·ing, ex·empts
1. To free from an obligation, duty, or liability to which others are subject: exempting the disabled from military service.
2. Obsolete To set apart; isolate.
adj.
1. Freed from an obligation, duty, or liability to which others are subject; excused: persons exempt from jury duty; income exempt from taxation; a beauty somehow exempt from the aging process.
2. Not subject to certain federal workplace laws or protections, especially those requiring overtime compensation: exempt employees.
3. Obsolete Set apart; isolated.
n.
One who is exempted from an obligation, duty, or liability.

[Middle English exempten, from Old French exempter, from exempt, exempt, from Latin exemptus, past participle of eximere, to take out; see example.]

ex·empt′i·ble adj.
References in periodicals archive ?
315(b)(7) (exempting withdrawals from existing exemptible accounts by a "payroll customer" that has maintained a transaction account at the bank for at least twelve months, makes regular payroll withdrawals of more than $10,000, and is eligible to do business in the United States).
The state s package comprises US$ 200,000 performance-based Economic Development Award Program exemptible loan to compensate building and site development expenses, together with the FastStart workforce development program, and Quality Jobs and industrial Tax Exemption programs of the LED.
Utility Audit Company (UAC) specializes in helping organizations, both for-profit and non-profit, recover taxes incorrectly paid as well as identify exemptible taxes and have them immediately stopped on current accounts.