Exemption
101homestead exemption — n: an exemption from liability that prevents creditors from obtaining satisfaction from a debtor s homestead see also declaration of homestead at declaration 4 ◇ The laws governing the homestead exemption vary greatly from state to state. Most… …
102Driving Instruction (Suspension and Exemption Powers) Act 2009 — The Driving Instruction (Suspension and Exemption Powers) Act 2009[1] Parliament of the United Kingdom Long title An Act to provide for the suspension in …
103block exemption — See competition policy. Collins dictionary of law. W. J. Stewart. 2001. block exemption …
104individual exemption — The meaning of this term depends on its use in the EC or UK competition law context: • In EC competition law, an exemption in respect of an agreement that infringes Article 81(1) of the EC Treaty which may be available on an individual basis… …
105parallel exemption — An exemption that applies to agreements which are covered by an individual exemption or block exemption under Article 81(3) of the EC Treaty, or would be covered by a Commission block exemption if the agreement had an effect on trade between EU… …
106audit exemption — The exemption from statutory audit by a registered auditor that can be claimed by certain small companies. Companies with a turnover of not more than £1 million and a balance sheet total of not more than £1.4 million may be totally exempt from… …
107audit exemption — The exemption from statutory audit by a registered auditor that can be claimed by certain small company Companies with a turnover of not more than £1 million and a balance sheet total of not more than £1. 4 million may be totally exempt from… …
108impairs an exemption — When a lien, in combination with other liens and the amount a debtor may claim as exempt, exceeds the value of property. For example, if a debtor s home is worth $200,000, the debtor is entitled to a $35,000 homestead exemption, and the home is… …
109participation exemption — The Dutch participation exemption, as an example, provides for a full exemption from Dutch corporate income tax in respect of income and capital gains derived from a qualifying shareholding (and, subject to a number of conditions, a qualifying… …
110Widow's Exemption — In general terms, a widow s exemption refers to the amount that can be deducted from taxable income by a widow, thereby reducing her tax burden. In the U.S., it usually refers to the amount exempt from state inheritance taxes on a widow s share… …
