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Từ vựng:

homestead right

Giải nghĩa:

/ˈhoʊmˌstɛd raɪt/ – Phrase


Definition: quyền được miễn khấu trừ nợ đối với tài sản gia đình.

A more thorough explanation: A homestead right refers to a legal provision that protects a person’s primary residence from being seized or forced to be sold to meet the demands of creditors, except in certain circumstances such as non-payment of mortgage or property taxes. This right is intended to provide individuals and families with a secure place to live and is often governed by state laws.

Example: The homestead right allows individuals to protect their primary residence from being seized by creditors in certain situations.