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Meaning of “loophole” in the English Dictionary

"loophole" in British English

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(Definition of loophole from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"loophole" in American English

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loopholenoun [C]

 us   /ˈlupˌhoʊl/
an ​opportunity to ​legallyavoid an ​unpleasantresponsibility, usually because of a ​mistake in the way ​rules or ​laws have been written: The new ​law is ​designed to ​close most of the ​tax loopholes.
(Definition of loophole from the Cambridge Academic Content Dictionary © Cambridge University Press)

"loophole" in Business English

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loopholenoun [C]

uk   us   /ˈluːphəʊl/ LAW
a ​failure to ​include something in an ​agreement or ​law, which ​allows someone to do something ​illegal or to ​avoid doing something: They ​plan to close a loophole that ​allowsbusinesses to ​avoidpaying off ​redundantworkers.a corporate/legal/tax loophole He has ​pledged to ​close a ​tax loophole that has ​allowed US ​firms to take ​business and ​jobs abroad.a loophole in sth Determined ​landlordsfound it ​easy to ​exploit loopholes in the ​law.
(Definition of loophole from the Cambridge Business English Dictionary © Cambridge University Press)
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