exempt assets

  • Property that a debtor is allowed to retain, free from the claims of creditors who do not have liens on the property.

    United States Court of Appeals for the Ninth Circuit 1

1United States Court of Appeals for the Ninth Circuit, Commonly Used Terms - U.S. Courts, http://­www.ca9.uscourts.gov/­content/­view.php?pk_id=0000000237 (last accessed May 28, 2009).