Freigestellte
Freigestellte is a German term that translates to "released," "discharged," or "exempted" in English. The specific meaning depends heavily on the context in which it is used. In a legal or administrative sense, it can refer to an individual or entity that has been officially released from a certain obligation, duty, or restriction. For example, a company might be "freigestellt" from certain regulations if it meets specific criteria. In employment, it can mean that an employee is temporarily or permanently released from their duties, often without being terminated. This could happen during a period of gardening leave or as part of a restructuring process where the employee is still on the payroll but not actively working.
In a financial context, "freigestellt" can indicate that a certain amount of income or asset is exempt