waiver of exemption

waiver of exemption.

1. A debtor’s voluntary relinquishment of the right to an exemption from a creditor’s levy or sale of any part of the debtor’s personal property by judicial process. [Cases: Exemptions 89–99; Homestead 169–176.]

2. The contractual clause expressly providing for such a waiver. [Cases: Exemptions 92; Homestead 170.]

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词条贡献者

法律翻译Frank，毕业于英国一流的高级翻译学院，专注翻译各类与娱乐、体育及媒体有关的法律文件。