Meaning of “non-exempt” in the English Dictionary

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"non-exempt" in Business English

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also nonexempt uk us

LAW, TAX, FINANCE used to describe something that has to be done, paid, etc. because it is not one of the situations where a particular rule or law does not have to be obeyed:

People going bankrupt sometimes try to prevent non-exempt assets being taken from them.

(Definition of “non-exempt” from the Cambridge Business English Dictionary © Cambridge University Press)