Definition of loophole noun from the Oxford Advanced Learner's Dictionary

 

loophole

 noun
noun
BrE BrE//ˈluːphəʊl//
 
; NAmE NAmE//ˈluːphoʊl//
 
 
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loophole (in something) a mistake in the way a law, contract, etc. has been written which enables people to legally avoid doing something that the law, contract, etc. had intended them to do a legal loophole to close existing loopholes Word Origin late 16th cent. (denoting an arrow slit): from obsolete loop ‘embrasure’ + hole.Extra examples People who don’t want to pay tax will exploit any loophole. This created a loophole that people might exploit to escape conviction. a law designed to close any loopholes in tax a loophole enabling workers to take unnecessary sick leave a loophole in the regulations the gaping loopholes in our gun laws
See the Oxford Advanced American Dictionary entry: loophole