Dictionary of Business Terms: loophole
loophole
technicality making it possible to circumvent a law's intent without violating its letter. For instance, a tax shelter may exploit a loophole in the tax law.
Dictionary of Finance and Investment Terms: loophole
loophole
technicality making it possible to circumvent a law's intent without violating its letter. For instance, a tax shelter may exploit a loophole in the tax law, or a bank may take advantage of a loophole in the glass-steagall act to acquire a discount broker.
