What does loophole mean?
A loophole is a small opening or gap in a law, rule, or system that can be used to avoid its intended effect or to gain an unfair advantage. It can also refer to a clever or cunning way of avoiding a problem or difficulty.
Example
"The company exploited a loophole in the tax code to avoid paying millions of dollars in taxes."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.