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What are loopholes?

What are loopholes? Here are some definitions.

Noun
  1. plural of loophole
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Examples
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.
It is not that the statute has a penumbral spirit which strikes down devices or stratagems designed to avoid its terms or exploit its loopholes.
However, having your will reviewed by a good attorney guards against loopholes in the document that could invalidate the will in your state.
Tax preparers who claim they can wipe out your tax bill by exploiting hidden tax loopholes are usually con artists.
Animal-rights activists are exploiting loopholes that, for example, prevent the use of extortion law unless the extorter seeks personal gain.

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