Tax Law Vocabulary

noun a means of escape or evasion; a technicality that allows a rule or law to be circumvented

• The company exploited a legal loophole to avoid paying taxes.
• We found a loophole in the contract that allows us to get out of it early.
• He always knows how to find a loophole to get what he wants.
• She managed to find a loophole in his argument and prove him wrong.

noun a law or regulation that is created and enacted by a legislative body

adjective relating to or created by a statute, especially a legislative statute

• The company must comply with all statutory regulations set forth by the government.
• We have to follow all the legal rules and regulations.
• We gotta do what the law says.
• The statutory requirements act as a foundation for legal compliance.

noun the action or process of benefiting or being benefited, especially financially

• The inurement of the new policy will benefit all employees.
• The inurement of the new system will make our work easier.
• I can't believe the inurement of the new rules, it's so much better now.
• The inurement of knowledge through experience is invaluable.

noun a person who assesses or determines the amount of a fine or penalty

• The court will affeerer the damages to be paid by the defendant.
• I heard they're going to affeerer the fine for parking in the wrong spot.
• I hope they don't affeerer the ticket too high, it's already expensive enough.
• She always affeers the consequences of her actions before making a decision.