Outrageously Funny Word Dictionary :: Preexempt

👉 In the context of law, "preexemption" refers to a situation where an individual or entity is granted a privilege or exemption from paying certain taxes or fees before they are required to pay them. This can be useful in situations where individuals or entities may not have been able to afford the full amount of tax due because of their income level, health condition, or other factors that prevent them from being able to pay the full amount. For example, a person who is a disabled individual may qualify

preexemption

👉 pre-exempt

preexempt