'Exemption' definitions:

Definition of 'exemption'

From: WordNet
noun
Immunity from an obligation or duty [syn: exemption, freedom]
noun
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"
noun
An act exempting someone; "he was granted immunity from prosecution" [syn: exemption, immunity, granting immunity]

Definition of 'Exemption'

From: GCIDE
  • Exemption \Ex*emp"tion\, n. [L. exemptio a removing: cf. F. exemption exemption.] The act of exempting; the state of being exempt; freedom from any charge, burden, evil, etc., to which others are subject; immunity; privilege; as, exemption of certain articles from seizure; exemption from military service; exemption from anxiety, suffering, etc. [1913 Webster]