Loophole
Loophole Type: noun Pronunciation: /loop-hohl/ Also spelled or known as: Legal Loophole Plural: Loopholes Related: Contract, Law What does Loophole mean? An unintended gap, ambiguity, or omission in a law, contract, policy, or agreement that allows someone to avoid or alter an intended obligation. In the music industry, loopholes may arise in licensing agreements, royalty […]