nonexempt

nonexempt
adjective
1. (of goods or funds) subject to taxation
-

taxable income

-

nonexempt property

Syn: ↑taxable
Ant: ↑nontaxable (for: ↑taxable)
Similar to: ↑assessable, ↑dutiable, ↑ratable, ↑rateable
Derivationally related forms: ↑tax (for: ↑taxable), ↑taxability (for: ↑taxable)
2. (of persons) not exempt from an obligation or liability
Ant: ↑exempt
Similar to: ↑liable, ↑taxpaying, ↑unexcused

* * *

\\“+\ adjective
: not exempt

nonexempt property

* * *

adj., n.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • nonexempt — onexempt adj. 1. Not exempt; subject to (some specified) rule. Opposite of {exempt}. [Narrower terms: {liable to(predicate)}; {subject, subject to(predicate)}] [WordNet 1.5] 2. Specifically: (U. S. Labor Law) Not exempt from the provisions of the …   The Collaborative International Dictionary of English

  • nonexempt — adj. Not exempt; eligible for overtime pay under the National Labor Relations Act. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • nonexempt — [spelling only] …   English World dictionary

  • nonexempt property — A debtor s property that can be taken by the trustee and sold for the benefit of the creditors in a Chapter 7 bankruptcy case, or can be seized by creditors if they win a judgment against the debtor. Compare: exempt property Category: Bankruptcy …   Law dictionary

  • nonexempt employee — Typically refers to an employee who is covered by overtime rules and other provisions of federal and state wage and hour laws. Category: Employment Law & HR → Employee Rights → Your Rights Under Wage & Hour Laws Nolo’s Plain English Law… …   Law dictionary

  • nonexempt employees — USA Under the Fair Labor Standards Act, employees who are not exempt employees. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • nonexempt — adj., n. * * * …   Universalium

  • nonexempt — adj. not exempt, not freed from a usual role or duty …   English contemporary dictionary

  • nonexempt — non·exempt …   English syllables

  • nonexempt — non ex•empt′ adj. n …   From formal English to slang

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