exemption exemption /ɪgˈzɛmpʃən/

noun

1. () Immunity from an obligation or duty  ( freedom , exemption )
   immunity from an obligation or duty
     The student received an exemption from the final exam due to her high grades.
   The student received an exemption from the final exam due to her high grades.
   
2. An act exempting someone  ( exemption , granting immunity , immunity )
   an act exempting someone
    He was granted immunity from prosecution
   he was granted immunity from prosecution
   
3. A deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)  ( exemption )
   a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
    Additional exemptions are allowed for each dependent
   additional exemptions are allowed for each dependent