LOOPHOLE: meaning and examples
Today's word is: loophole
Meaning: Loophole is used in legal contexts to indicate when there is a mistake in the way a law or contract has been written, which enables people to legally avoid doing something that the law or contract theoretically obliges them to do.
The company found various loopholes in the tax code which allowed them to pay virtually no taxes in 2008, despite earning more than 10 million euros.
Due to a loophole in the criminal law code, the thief was set free.
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