exempt

(redirected from exemptible)
Also found in: Dictionary, Thesaurus, Legal, Idioms.

exempt

(ĕg-zĕmpt′, ĭg-) [L. eximere, to take out, release, free]
Free from oversight or supervision by any regulation or authority.
References in periodicals archive ?
174) Thus, the Court argued, the lack of the term "debtor's interest" was of no issue because Congress "imposed a value limitation on the amount of exemptible retirement funds in a separate provision.
193) Included in the Bankruptcy Code as exemptible property is up to $1,245,475 in a qualified retirement fund, including an IRA.
The other types of plans exemptible are: "(A) a social security benefit, unemployment compensation, or a local public assistance benefit; (B) a veterans' benefit; (C) a disability, illness, or unemployment benefit; and (D) alimony, support, or separate maintenance, to the extent reasonably necessary for the support of the debtor and any dependent of the debtor.