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What are loopholes?

What are loopholes? Here are some definitions.

Noun
  1. plural of loophole
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Examples
Congress carved out loopholes for charities, politicians, and their paid fund-raisers.
However, having your will reviewed by a good attorney guards against loopholes in the document that could invalidate the will in your state.
Animal-rights activists are exploiting loopholes that, for example, prevent the use of extortion law unless the extorter seeks personal gain.
But even the revised measure is riddled with loopholes for charities, businesses, and political fund-raisers.
That would eliminate some of the loopholes exploited by large, wealthy factory farms.
As with any other enterprise, they may well find that eliminating inefficiency and closing loopholes opens the path to the pot of gold.

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