Definition and Citations:
1. Something not covered, as in specific damage not covered in an auto policy. S 2. Something not included in an investigation or a tax. An example is an asset or income legally excluded from tax. Refer to exemption.
1. Something not covered, as in specific damage not covered in an auto policy. S 2. Something not included in an investigation or a tax. An example is an asset or income legally excluded from tax. Refer to exemption.