Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
business homestead.
The premises on which a family's business is located. 0 In some states, business homesteads are exempt from execution or judicial sale for most kinds of debt.
constitutional homestead.
A homestead, along with its exemption from forced sale, conferred on the head of a household by a state constitution.
homestead.
The house, outbuildings, and adjoining land owned and occupied by a person or family as a residence. ( As long as the homestead does not exceed in area or value the limits fixed by law, in most states it is exempt from forced sale for collection of a debt. - Also termed homestead estate.