/ˈhoʊmˌstɛd lɔz/ – Phrase
Definition: luật pháp về việc miễn tịch biên gia sản để trừ nợ.
A more thorough explanation: Homestead laws refer to statutes that protect a person’s primary residence from being seized or sold to satisfy debts or claims by creditors. These laws typically provide exemptions or limitations on the forced sale of a homestead property in order to ensure that individuals and families have a place to live and cannot be left homeless due to financial difficulties.
Example: The homestead laws in this state provide protection for homeowners by exempting a certain amount of their property from creditors in the event of bankruptcy.