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 an absence or something vague in a rule or law that allows a person to avoid punishment, as in I was able to keep an alligator in my apartment thanks to a loophole in the housing rules that said only “no dogs allowed.”
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 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.
A loophole in the law is a small mistake which allows people to do something that would otherwise be illegal.
