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In a speech about steps to growing a healthier lawn, you hear this statement in the introduction: "I have owned a landscaping business for 5 years, and I am studying agriculture here at the college." You recognize this as
Homestead Exemption
A law permitting a debtor to retain the family home, either in its entirety or up to a specified dollar amount, free from the claims of unsecured creditors or trustees in bankruptcy.
Debtor
An individual or entity that owes money or an obligation to another, called the creditor.
Shelter
A structure that provides protection from weather, danger, or discomfort.
Surety
Surety is a financial arrangement where a third party (the surety) guarantees the performance of a primary party's obligations or undertakes to fulfill the primary party's obligations if the primary party fails to do so.
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