homestead law
- noun
- /ˈhoʊmˌstɛd lɔ/
- Formal
- In many states, the homestead law allows you to exempt a portion of your home's value from property taxes.
Examples
-
We do not find in these provisions the clear expression of intent that would be required for us to hold that the homestead laws alone extinguished Aboriginal Indian title in every state and territory where they were generally applicable.
Academic text (1992) -
The homestead law provides homeowners with protection from creditors trying to seize their property for unpaid debts.
-
First, it found that the homestead laws, under which some private land was created within Western Shoshone territory,
Academic text (1992) -
Nor do we think that the administration of the homestead laws by the executive within the aboriginal territory of the Western Shoshone extinguished aboriginal title to all those lands.
Academic text (1992) -
Thanks to the homestead law, families can safeguard their homes from being lost in bankruptcy proceedings.
How Protective
- Formal
- Formal
- Formal
- Formal
Surface Forms
Morphology
The meaning is directly and compositionally derived from 'homestead' (a residence protected from creditors) plus 'law' (a statute): i.e. a law that protects homesteads. This is a regular noun+noun naming pattern found cross-linguistically and would be understandable to a B1 learner who knows both constituents.
Etymology
Homestead law comes from the older word homestead, made of home and stead meaning 'place' or 'small farm'. The idea is a family's house and land are their own place, so the law exists 'to protect' that place from some creditors, which is why it means a law that keeps a home safe from certain claims.