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.]


专业法律词汇 词条贡献者
译者Celia,毕业于新加坡知名法学院,擅长翻译涉及信息和智能技术领域的法律文件。
Scroll to Top