exemption lawglossary / EXEMPTION LAW exemption law. A law describing what property of a debtor cannot be attached by a judgment creditor or trustee in bankruptcy to satisfy a debt. See EXEMPT PROPERTY(1). [Cases: Exemptions 1; Homestead 1.] 词条贡献者 译员Matthew,毕业于英国顶尖的高级翻译学院,专注翻译各种与争议解决有关的法律文件。