noun a means of escape or evasion; a technicality that allows a rule or law to be circumvented
In legal contexts, a loophole refers to a technicality or ambiguity in the law that allows someone to avoid a certain requirement or restriction.
Financial loopholes can be used to exploit gaps in regulations or policies to gain an unfair advantage in the market.
In the business world, loopholes can refer to ways to circumvent rules or regulations to achieve a desired outcome.
Government loopholes can be used by officials or entities to bypass certain procedures or regulations for personal gain.
Loopholes in tax laws can be exploited by individuals or corporations to minimize their tax liabilities.
Writers may use the term 'loophole' when discussing plot inconsistencies or ways to get around established rules in a story.
Psychologists may refer to 'loopholes' in a study's methodology or ethical guidelines when discussing research findings.
Lawyers often use 'loophole' when referring to a legal technicality that allows a client to avoid certain consequences or obligations.
Accountants may discuss tax 'loopholes' when advising clients on ways to minimize their tax liability within the bounds of the law.
Business executives may explore 'loopholes' in regulations or contracts to gain a competitive advantage or maximize profits.
Politicians may be accused of exploiting 'loopholes' in campaign finance laws or legislative procedures to further their own interests.