Source : Webster's Revised Unabridged Dictionary (1913)

Exempt \Ex*empt"\, n.
   1. One exempted or freed from duty; one not subject.

   2. One of four officers of the Yeomen of the Royal Guard,
      having the rank of corporal; an Exon. [Eng.]

Exempt \Ex*empt"\, v. t. [imp. & p. p. {Exempted}; p. pr. & vb.
   n. {Exempting}.] [F. exempter. See {Exempt}, a.]
   1. To remove; to set apart. [Obs.] --Holland.

   2. To release or deliver from some liability which others are
      subject to; to except or excuse from he operation of a
      law; to grant immunity to; to free from obligation; to
      release; as, to exempt from military duty, or from jury
      service; to exempt from fear or pain.

            Death So snatched will not exempt us from the pain
            We are by doom to pay.                --Milton.

Exempt \Ex*empt"\, a. [F. exempt, L. exemptus, p. p. of eximere
   to take out, remove, free; ex out + emere to buy, take. Cf.
   {Exon}, {Redeem}.]
   1. Cut off; set apart. [Obs.]

            Corrupted, and exempt from ancient gentry. --Shak.

   2. Extraordinary; exceptional. [Obs.] --Chapman.

   3. Free, or released, from some liability to which others are
      subject; excepted from the operation or burden of some
      law; released; free; clear; privileged; -- (with from):
      not subject to; not liable to; as, goods exempt from
      execution; a person exempt from jury service.

            True nobility is exempt from fear.    --Shak.

            T is laid on all, not any one exempt. --Dryden.

Source : WordNet®

exempt
     adj 1: (of persons) freed from or not subject to an obligation or
            liability (as e.g. taxes) to which others or other
            things are subject; "a beauty somehow exempt from the
            aging process"; "exempt from jury duty"; "only the
            very poorest citizens should be exempt from income
            taxes" [ant: {nonexempt}]
     2: (of goods or funds) not subject to taxation; "the funds of
        nonprofit organizations are nontaxable"; "income exempt
        from taxation" [syn: {nontaxable}] [ant: {taxable}]

exempt
     v 1: grant relief or an exemption from a rule or requirement to;
          "She exempted me from the exam" [syn: {relieve}, {free}]
          [ant: {enforce}]
     2: grant exemption or release to; "Please excuse me from this
        class" [syn: {excuse}, {relieve}, {let off}]