| 词汇 | homestead exemption |
| 释义 | `1`homestead exemption `2` "Nolo Everybody's Legal Dictionary": Protects a specified value or specified number of acres in a homestead. The amount you can protect with the exemption varies, depending on the state where you live. A few states have unlimited homestead exemptions, meaning a house worth even many millions of dollars can't be taken by judgment creditors or in Chapter 7 bankruptcy. At the other extreme, a small number of states have no homestead exemption at all. |
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