The word 豁免权 is formed by combining two conceptual building blocks: 豁免, meaning "to exempt" or "to be immune from", which itself conveys a sense of release or relief from an obligation or penalty, and 权, meaning "right" or "privilege". Together, they logically assemble to denote the specific "right to be exempted", that is, the privilege of immunity from a standard law, duty, or jurisdiction. The formation is a direct and coherent fusion where the first component defines the nature of the action (exemption) and the second component defines the legal form it takes (a right).