Homestead - Law Dictionary Search Results
Home Dictionary Name: homesteadhomestead exemption
homestead exemption : an exemption from liability that prevents creditors from obtaining satisfaction from a debtor's homestead see also declaration of homestead at declaration NOTE: The laws governing the homestead exemption vary greatly from state to state. Most states have limits on the amount for which a debtor is exempted, but a few have no limits at all. Others have limits that are dependent on the size or type of property, or the age of the property owner. ...
homestead
homestead 1 a : the home and adjoining land with any buildings that is occupied usually by a family as its principal residence b : an estate created by law in a homestead esp. for the purpose of taking advantage of a homestead exemption 2 : a tract of land acquired from U.S. public lands by filing a record and living on and cultivating the tract ...
Homesteader
One who has entered upon a portion of the public land with the purpose of acquiring ownership of it under provisions of the homestead law so called one who has acquired a homestead in this manner...
Homestead
Homestead, the word 'homestead' in the context would only mean a dwelling house, Kochunju Nair v. Koshy Alexander, AIR 1999 SC 2272 (2273). [Kerala Land Reforms Act, 1963 (1 of 1964) s. 2(25)]...
declaration of homestead
declaration of homestead see declaration ...
homestead credit
homestead credit property tax credit program, offered by some state governments, that provides reductions in property taxes to eligible households. Source: U.S. Department of Housing and Urban Development ...
declaration
declaration 1 : the act of declaring [ of dividends] [ of war] 2 a : the first pleading in a common-law action compare complaint, indictment b : a statement usually not under oath made by a party to a legal transaction [the attorney must later sign an affidavit or stating that he has informed the debtor "J. H. Williamson"] c : a statement not under oath being offered as evidence declaration against interest : a statement made by someone unavailable as a witness that is against that person's own interests (as pecuniary or property interests) or may subject that person to liability compare admission, confession, self-incrimination NOTE: A declaration against interest is an exception to the hearsay rule. A statement that is offered to clear the accused is not admissible without corroborating circumstances under the Federal Rules of Evidence. dy·ing declaration : a statement that is made by a person who firmly believes that he or she is about to die and has no hope of recove...
Kudikidappu Karan
Kudikidappu Karan, means a person who has neither a homestead nor any land exceeding in extent three cents in any city or major municipality or five cents in any other municipality or tencents in any panchayat area or township in possession either as owner or as tenant, on which he could erect a homestead, Kochkunju Nair v. Koshy Alexander, (1993) 3 SCC 482: AIR 1999 SC 2272 (2273). [Kerala Land Reforms Act, 1963 (1 of 1964), s. 2(25)]...
exemption
exemption 1 : the act of exempting or state of being exempt 2 : one that exempts or is exempted: as a : an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also Internal Revenue Code in the Important Laws section compare deduction, exclusion, tax credit de·pen·den·cy exemption [də-pen-dən-sē-] : an exemption that is allowed for each dependent who qualifies under the tax laws (as sections 151 and 152 of the Internal Revenue Code) NOTE: Under the federal income tax laws, the dependency exemption is allowed for each dependent whose gross income is less than the exemption or who is a child of the taxpayer and is under 19 or a student under 24. per·son·al exemption : an exemption that is allowed for the taxpayer or for the taxpayer and spouse if filing a joint return b : the right created by federal and state laws to exempt specified types of property from a bankruptcy estate [pre...
exemptions, exempt property
exemptions, exempt property Certain property owned by an individual debtor that the Bankruptcy Code or applicable state law permits the debtor to keep from unsecured creditors. For example, in some states the debtor may be able to exempt all or a portion of the equity in the debtor's primary residence (homestead exemption), or some or all "tools of the trade" used by the debtor to make a living (i.e., auto tools for an auto mechanic or dental tools for a dentist). The availability and amount of property the debtor may exempt depends on the state the debtor lives in. Source: Administrative Office of the U.S. Courts ...
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