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.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.