Noose offering escape? (8)

I believe the answer is:

loophole

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'escape?' is the definition.
(I've seen this before)

'noose offering' is the wordplay.
'noose' becomes 'loop' (synonyms).
'offering' becomes 'hole' (I can't justify this - if you can you should believe this answer much more).
'loop'+'hole'='LOOPHOLE'

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(Other definitions for loophole that I've seen before include "Ambiguity that makes it possible to evade an obligation" , "Ambiguity allowing one party to escape contract" , "Exploitable ambiguity" , "Exploited legal ambiguity" , "Ambiguity in the law" .)

I've seen this clue in The Globe and Mail.

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