homestead law

A statute exempting a homestead from execution or judicial sale for debt, unless all owners, usu. a husband and wife, have jointly mortgaged the property or otherwise subjected it to creditors’ claims.

— Also termed homestead exemption; homestead-exemption statute; homestead right. [Cases: Homestead 1, 118.]

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词条贡献者

资深译员Gwen，毕业于英国顶尖的高级翻译学院，擅长翻译涉及物联网领域的法律文件。