Homestead

{
  "id": "MLC-T-LAW-002451",
  "term": "Homestead",
  "field": "Law",
  "definition": "The primary residence of an individual or family, along with any adjoining land, that is protected by law from forced sale by creditors. Homestead exemptions vary by state, often specifying a maximum acreage or monetary value. This protection aims to prevent families from becoming homeless due to financial hardship.",
  "url": "https://mlchart.com/terminology/law/homestead/"
}