donut hole

Meaning

The empty space in the center of a donut.
A small ball-shaped pastry, made in the same manner as a donut, roughly the size of the hole in a donut.
An income bracket where one is without benefits, even though benefits are available in the next lower and next higher brackets.
A section of water for which no one has fishing rights that is completely surrounded by regions where various parties hold fishing rights.

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