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loophold

 

Definitions from the Web

Term: loophold

Definition:

A loophole refers to a technicality or ambiguity in a system, law, or contract that allows someone to avoid its intended purpose or exploit a benefit.

Part of Speech: noun

Senses/Usages:

1. A legal or procedural gap that offers an opportunity for evasion or manipulation.

2. A provision in a contract or agreement that provides indirect access or advantage by exploiting wording or interpretation.

3. An ambiguity in a law or regulation that gives individuals a way to circumvent its restrictions.

4. A flaw in a system that can be used to achieve an unintended outcome or gain an unfair advantage.

Sample Sentences:

1. The wealthy often exploit tax loopholes to reduce their financial burden.

2. The company relied on a legal loophole to avoid paying overtime to its workers.

3. The defendant's lawyer found a crucial loophole in the evidence presented by the prosecution.

4. She cleverly used a contractual loophole to secure a significant discount on her new house.

Related Products on Amazon:

- Books about Loopholes

- Legal Loopholes

- Exploiting Loopholes

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