Here's a breakdown:
* Exact: Meaning the meaning is completely accurate and true to the original.
* Word-for-word: Meaning every single word is represented in the interpretation.
* Without exaggeration: Meaning no embellishment or hyperbole is added to the meaning.
This phrase is often used when:
* Quoting someone: To ensure accuracy and avoid misrepresentation.
* Translating text: To maintain the original meaning and avoid introducing bias.
* Analyzing text: To understand the author's intended message without imposing your own interpretation.
Essentially, it emphasizes objectivity and precision in communication.