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Term of the Day
BusinessDictionary.com
loophole
Definition
Usually-unintended
ambiguity
,
exception
,
omission
, or
technical
defect
in a text that allows a
legal
interpretation or
practice
which evades or frustrates the
intent
of a contract, law, or
rule
without violating its literal interpretation.
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Nearby Terms
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long-term finance
long-term incentive plan (LTIP)
lookback option
lookback period
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