Tools of the trade

{
  "id": "MLC-T-LAW-004936",
  "term": "Tools of the trade",
  "field": "Law",
  "definition": "Property and equipment necessary for a person to carry on their profession, business, or trade. In bankruptcy proceedings, debtors can claim an exemption for these items up to a certain value, allowing them to retain the means to earn a living. The specific items and monetary limits for this exemption are defined by state or federal law.",
  "url": "https://mlchart.com/terminology/law/tools-of-the-trade/"
}