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Finance Dictionary and Glossary of Investment Terms
Loophole
Definition 1.
A technicality that allows a person or business to avoid the scope of a law without directly violating the law.
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Definition 2.
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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Definition 3.
An unintentional characteristic of a law which allows one to circumvent the law's intention without actually breaking that law. Often occurs in tax law.
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