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What are the loopholes in the system?
A loophole is an ambiguity or inadequacy in a system, such as a law or security, which can be used to circumvent or otherwise avoid the purpose, implied or explicitly stated, of the system. Originally, the word means an arrowslit, a narrow vertical window in a wall through which an archer could shoot.
What are examples of loopholes?
An example of a loophole is a tiny narrow window in a castle used to shoot through at enemies. An example of a loophole is a person not having to pay a certain tax because of the location of their second home. A slit in a castle wall. Later: any similar window for shooting a weapon or letting in light.
Why do loopholes exist?
Used often in discussions of taxes and their avoidance, loopholes provide ways for individuals and companies to remove income or assets from taxable situations into ones with lower taxes or none at all. Loopholes are most prevalent in complex business deals involving tax issues, political issues, and legal statutes.
What is finding a loophole?
loophole Add to list Share. A loophole is an accidental technicality or unclear section of a written document that allows someone to avoid following a rule or fulfilling an obligation. If you’ve discovered a way to get out of paying taxes on money you made last year, you’ve found a loophole.
What is the opposite of a loophole?
Noun. ▲ Opposite of a space or gap that allows passage or access. blockage. closure.
Are there loopholes in the law?
The law is the law, and there is no getting around that. In the law, several loopholes exist that really don’t make any sense. These are due to the way the laws are written, poorly thought out laws, and using almost inapplicable laws to justify actions.
Why are loopholes called loopholes?
The word loophole is commonly used, especially in regards to tax law. These narrow slits were known as loopholes, most probably derived from the Dutch word lûpen meaning to watch. The term loophole came into use in the seventeenth century in a figurative sense to mean a small opening or a outlet of escape.
What is security loophole?
A vulnerability in software, typically in the operating system, that enables an attacker to compromise the system.
What is the synonym of loophole?
ambiguity, omission, inadequacy, flaw, fault, defect, crack, inconsistency, discrepancy, shortcoming, slip. informal let-out, let-out clause, dodge. 2’loopholes in the walls’
When was the word loophole first used?
The first records of loophole come around 1585. It combines loop, meaning “something folded on itself, leaving an opening between parts,” with hole, meaning “an opening.” Originally loophole referred to holes in castles or forts that archers could shoot arrows through.
What kind of loopholes in organizational IT systems attract hackers?
Common Informational Security Loopholes In Data Engineering
- Overreliance on mobile technology.
- Social media attacks.
- Social engineering.
- Corporate data leakage.
- Outdated security software.
- Proper device configuration.
In the law, several loopholes exist that really don’t make any sense. These are due to the way the laws are written, poorly thought out laws, and using almost inapplicable laws to justify actions. In other words, your lawyer may be able to find a way out of certain problems in certain states by manipulating certain laws.
What is the “boyfriend loophole”?
The “boyfriend loophole” refers to the fact that federal law only considers individuals who were at one time married to, have a child with, or are a parent/guardian of a victim, as domestic abusers prohibited from buying a firearm. Meanwhile, unmarried partners and stalkers aren’t considered prohibited persons under the law.
What is the ‘Charleston loophole?
Although federal law prohibited the AME Church shooter from possessing a firearm, the so-called “Charleston Loophole,” under which federal law allows dealers to automatically transfer a firearm to a purchaser in three business days if the purchaser’s background check isn’t completed, nonetheless enabled the AME Church shooter to acquire his gun.
What is the “gun show loophole”?
The “gun show loophole” refers to the fact that federal law does not require unlicensed private sellers to perform background checks on gun purchasers, so those sales are unregulated unless state law steps in to fill the gap.