Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

exemption law

Read a random definition: national domicile

A quick definition of exemption law:

An exemption law is a law that protects certain property of a person who owes money from being taken away by someone they owe money to. This property is called exempt property and includes things like a person's home and household items. The purpose of this law is to make sure that people don't lose everything they own when they owe money. When someone dies, their surviving spouse is automatically entitled to receive certain personal property from the deceased's estate.

A more thorough explanation:

Definition: Exemption law refers to a law that specifies which property of a debtor cannot be taken by a creditor or trustee in bankruptcy to pay off a debt. This property is known as exempt property.

Exempt Property: Exempt property is the property that a creditor cannot take away from a debtor to pay off a debt. This is because the law protects certain types of property from being seized by creditors. For example, many states have a homestead exemption that protects a person's house and household items up to a certain amount from being taken by creditors. The purpose of this exemption is to prevent debtors from becoming destitute.

Examples: If a person owes money to a creditor, the creditor cannot take away their house or household items that are protected by the homestead exemption. Similarly, if a person dies and leaves behind personal property, their surviving spouse is automatically entitled to receive certain items from the estate, which is an example of exempt property.

Explanation: These examples illustrate how exemption law protects certain types of property from being taken by creditors or trustees in bankruptcy. The homestead exemption ensures that a person's home and household items are protected from being seized by creditors, while the exemption for surviving spouses ensures that they receive certain personal property from the estate of their deceased spouse.

exemption equivalent | ex empto

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
10:11
like it wasn’t painful or anything and I have no experience w piercings
BulbasaurNoLikeCardio
10:11
@jackfrost11770: depending the piercing she had and the activity they would clack. Like she had ones that would be like chains too
10:11
I have a few words to exchange in our native tongue
babycat
10:11
@renard99: you sound so sinister lmaooo
10:11
LMFAO
babycat
10:12
also I don’t think you can dm without lsd+
BulbasaurNoLikeCardio
10:12
@babycat: they make boob tape so you don't have to wear a bra while keeping them supported and perky looking? At least I think that is what boob tape does
babycat
10:12
Yeah but I’m not gonna tape my boobs everyday that seems so annoying
i'm gonna be honest idk how to dm on here LOL but i think u need lsd+ haha
BulbasaurNoLikeCardio
10:13
I am worried a nose piercing would like mess with my cardio even though everyone says no
10:13
Oh shoot hm
10:13
Do you have Discord
но здравствуй да русский мой первый язык так что :)
10:13
Ахахахах ну давай, добавь меня бро
JumpySubsequentDolphin
10:13
@BulbasaurNoLikeCardio: I’m very confused how would that interfere
10:13
Ща кину свой ник
10:13
Ща кину свой ник
BulbasaurNoLikeCardio
10:14
@babycat: then it sounds like if you get them pierced itll just be a secrete to surprise your future boo with since thy wont be poking out of your shirt
10:14
@jackfrost11770: reynard1 на Дискорде
babycat
10:14
yeah but like is that worth it for me? prob not. I think I like them the way they are
BulbasaurNoLikeCardio
10:15
@JumpySubsequentDolphin: For nose piercing I am thinking the like middle of your nose with the ring kinda thing, think itll like restrict airflow
babycat
10:15
woah you got a word for discord in russian that’s crazy
спасибо 🫡
triplethread
10:15
@BulbasaurNoLikeCardio: My nose is pierced and I run like 10 miles a week im good haha
BulbasaurNoLikeCardio
10:16
@babycat: if you are happy with them they look perfect, and if they are as big as you say I am sure people will still be looking with or without the piercing so you will get attention either way
Dkk
10:16
Closest I get to Russian is Lazy Square's cartoons. Should watch them. All very short cus he is lazy. https://www.youtube.com/watch?v=sGBkneu30Aw
JumpySubsequentDolphin
10:16
@BulbasaurNoLikeCardio: ohhh you mean septum? I think septum is even less painful than a nostril piercing
warning my discord pfp is fun lol and also i haven't changed my username since high school because i didn't feel like it 😭
10:18
LMAO yeah you have a fun pfp
BulbasaurNoLikeCardio
10:20
Yes the septum, so they don't feel weird or mess with breathing/running at all even when flipped in? At limit
LSD+ is ad-free, with DMs, discounts, case briefs & more.