Exoneration


Exoneration
In a general sense, this term means to free from blame or guilt, such as when a criminal is proven innocent. In the financial realm, exoneration usually means to relieve one of a financial obligation or duty. This can apply in many different areas of finance, such as taxation or mortgages.

The various financial aid programs offered by the government to provide relief to struggling homeowners are forms of exoneration. Delinquent mortgage holders will be exonerated of their current obligations and reassigned new ones that they can manage more easily. A taxpayer who convices the IRS that he or she does not owe taxes that have been assessed is also exonerated from paying those taxes.


Investment dictionary. . 2012.

Synonyms:

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  • exonération — [ ɛgzɔnerasjɔ̃ ] n. f. • 1552 sens 2; lat. exoneratio 1 ♦ (1865) Action d exonérer; son résultat. ⇒ abattement, affranchissement, décharge, déduction, dégrèvement, diminution, dispense, exemption, franchise, immunité, remise. Exonération fiscale …   Encyclopédie Universelle

  • exoneration — ex·on·er·a·tion /ig ˌzä nə rā shən, eg / n 1: the act of disburdening or discharging (as from a charge, liability, obligation, duty, or responsibility); also: the state of being so freed 2 a: the right of a person who has paid a debt for which he …   Law dictionary

  • Exoneration — Ex*on er*a tion, n. [L. exoneratio: cf. F. Exon[ e]ration.] The act of disburdening, discharging, or freeing morally from a charge or imputation; also, the state of being disburdened or freed from a charge. [1913 Webster] …   The Collaborative International Dictionary of English

  • Exoneration — Exoneration, lat. dtsch., Entlastung; exoneriren, entlasten …   Herders Conversations-Lexikon

  • exoneration — 1630s, from L. exonerationem (nom. exoneratio) an unloading, lightening, noun of action from pp. stem of exonerare (see EXONERATE (Cf. exonerate)) …   Etymology dictionary

  • Exoneration — Exonerated redirects here. For the legal film, see The Exonerated. Criminal procedure …   Wikipedia

  • Exonération — Une exonération est une dispense de paiement d impôt, de taxe ou de droit sous certaines conditions définies dans le cadre de la loi ; ainsi la faiblesse des revenus des personnes est un motif d exonération de certaines taxes touchant… …   Wikipédia en Français

  • EXONÉRATION — n. f. T. d’Administration Action d’exonérer. Exonération du service militaire. Exonération d’impôts. Exonération des frais d’étude …   Dictionnaire de l'Academie Francaise, 8eme edition (1935)

  • exonération — (è gzo né ra sion) s. f. Terme de pratique. Décharge, soulagement. Exonération du service militaire. Exonération d impôts.    Autrefois, remplacement militaire fait par l État même au moyen d une somme fixée chaque année. ÉTYMOLOGIE    Lat.… …   Dictionnaire de la Langue Française d'Émile Littré

  • exoneration — exonerate UK US /ɪgˈzɒnəreɪt/ verb [T] FORMAL LAW ► to show or say officially that someone or something is not guilty of something: »We have proof which will completely exonerate him. exonerate sb from sth »I do not wholly exonerate her from… …   Financial and business terms


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