homestead

homestead definition - business

homestead

  1. A dwelling plus adjoining land and buildings. State laws often protect a homestead from creditor claims.
  2. Land granted to settlers by the government.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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