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Loophole
(redirected from Loopholes)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.03 sec.
Loophole
A technicality that allows a person or business to avoid the scope of a law without directly violating the law.

Notes:
Someone who wants to evade certain taxes might find a loophole that allows them to avoid penalties legally.

Loophole
A technicality in some legislation or regulation that makes it possible to avoid certain consequences or circumvent a rule without breaking the law, such as in the use of a tax shelter.
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