homestead exemption law
Homestead Home"stead, n. [AS. h[=a]mstede.] 1. The home place; a home and the inclosure or ground immediately connected with it. --Dryden. [1913 Webster]

2. The home or seat of a family; place of origin. [1913 Webster]

We can trace them back to a homestead on the Rivers Volga and Ural. --W. Tooke. [1913 Webster]

3. (Law) The home and appurtenant land and buildings owned by the head of a family, and occupied by him and his family. [1913 Webster]

{Homestead law}. (a) A law conferring special privileges or exemptions upon owners of homesteads; esp., a law exempting a homestead from attachment or sale under execution for general debts. Such laws, with limitations as to the extent or value of the property, exist in most of the States. Called also {homestead exemption law}. (b) Also, a designation of an Act of Congress authorizing and regulating the sale of public lands, in parcels of 160 acres each, to actual settlers. [U.S.] [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • homestead exemption — n: an exemption from liability that prevents creditors from obtaining satisfaction from a debtor s homestead see also declaration of homestead at declaration 4 ◇ The laws governing the homestead exemption vary greatly from state to state. Most… …   Law dictionary

  • Homestead exemption in Florida — Homestead is given meaning in three different contexts under Florida law: 1. exemption from forced sale before and at death per Art. X, Section 4(a) (b) of the Florida Constitution [http://www.flsenate.gov/Statutes/index.cfm?Mode=Constitution… …   Wikipedia

  • Homestead exemption — is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. Laws enacting such protections are found in state statutes or… …   Wikipedia

  • homestead exemption — An exemption under state or federal law which protects all or a portion of the homestead (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • homestead — home·stead / hōm ˌsted, stid/ n 1 a: the home and adjoining land with any buildings that is occupied usu. by a family as its principal residence b: an estate created by law in a homestead esp. for the purpose of taking advantage of a homestead… …   Law dictionary

  • exemption — ex·emp·tion /ig zemp shən/ n 1: the act of exempting or state of being exempt 2: one that exempts or is exempted: as a: an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also… …   Law dictionary

  • homestead declaration — A form filed with the county recorder s office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic that is, a homeowner is not required to record a homestead declaration in order to claim the …   Law dictionary

  • Homestead law — Homestead Home stead, n. [AS. h[=a]mstede.] 1. The home place; a home and the inclosure or ground immediately connected with it. Dryden. [1913 Webster] 2. The home or seat of a family; place of origin. [1913 Webster] We can trace them back to a… …   The Collaborative International Dictionary of English

  • Homestead — Home stead, n. [AS. h[=a]mstede.] 1. The home place; a home and the inclosure or ground immediately connected with it. Dryden. [1913 Webster] 2. The home or seat of a family; place of origin. [1913 Webster] We can trace them back to a homestead… …   The Collaborative International Dictionary of English

  • Homestead — may refer to: NOTOC Property related*Homestead (buildings), a smallholding farm with a farmer s residence *Homestead (area), an area measure of 160 acres (650,000 m²) also called a quarter section *Homestead (small African settlement), a cluster… …   Wikipedia

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