Question: What Does A Loophole Mean?

What does loophole mean in slang?

(Entry 1 of 2) 1 : a means of escape especially : an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded.

2a : a small opening through which small arms may be fired..

Why is it called a loophole?

The word loophole is commonly used, especially in regards to tax law. These narrow slits were known as loopholes, most probably derived from the Dutch word lûpen meaning to watch. … The term loophole came into use in the seventeenth century in a figurative sense to mean a small opening or a outlet of escape.

What does ambiguity mean?

1a : the quality or state of being ambiguous especially in meaning The ambiguity of the poem allows several interpretations. b : a word or expression that can be understood in two or more possible ways : an ambiguous word or expression. 2 : uncertainty.

What is an example of illegal?

The definition of illegal is a person not permitted to be in a country or an act that is against the law. An example of illegal as an adjective is the phrase an illegal person, who is someone who is still in the United States after their tourist visa has run out.

Are tax loopholes illegal?

Basically, tax avoidance is legal, while tax evasion is not. Businesses get into trouble with the IRS when they intentionally evade taxes. But your business can avoid paying taxes, and your tax preparer can help you do that.

Are loopholes ethical?

Loopholes in codes and rules can impact both acts and omissions. … Loophole ethics can be based on what the code in question forbids or requires: Loophole ethics for acts: As the set of codes, rules, or regulations does not forbid this option, it is ethically permissible to pursue it.

What is another word for loophole?

In this page you can discover 22 synonyms, antonyms, idiomatic expressions, and related words for loophole, like: trick, avoidance, deception, escape-clause, out, means of escape, slot, aperture, hole, alibi and escape.

What loop means?

In computer science, a loop is a programming structure that repeats a sequence of instructions until a specific condition is met. Programmers use loops to cycle through values, add sums of numbers, repeat functions, and many other things. Two of the most common types of loops are the while loop and the for loop. …

What does it mean for something to be illegal?

Something illegal is against the law or breaks the rules. … Acts that go against the law, such as robbing a bank, are also illegal. There is a wide range of things called illegal, from small acts to big ones, but no matter the seriousness, if it is against the law, it is illegal.

Is watching porn a crime in India?

In India, watching pornography in private is not illegal, although watching or accessing child pornography is. Also, producing pornographic content, or distributing it, is not allowed in India.

What is illegal in the US?

10 Things That Are Illegal in the US – While Semi-Automatic Weapons Aren’tKinder Eggs (US-wide) … Any children’s book printed before 1985 (US-wide) … Haggis (US-wide) … Toy guns (Las Vegas Strip) … Dictionaries (classrooms in Southern California) … Being annoying while selling ice cream (Patterson, New Jersey)More items…

What is a loophole trade?

The loophole trade is a debit spread. It can be either a call credit or a put debit trade. … Creating a loophole trade reduces the cost of a straight option purchase, thereby reducing your risk in the trade.