Business / Agriculture / Homestead Protection: When a USDA farm loan borrower lacks the financial resources to make payments on a delinquent loan, is ineligible for a restructured loan, and is unable to buy out the loan at the net recovery value of the collateral property, the borrower can convey the property to USDA in lieu of loan payments. Until eliminated by the FAIR Act of 1996, the borrower may have been eligible for homestead protection, whereby the borrower could lease and/or purchase the residence and up to 10 acres of adjoining land.
Protection Adjective Synonyms: defense, screen, shield, barrier, guard, safeguard, immunity, bulwark, buffer, shelter, refuge, haven, sanctuary, security, safe keeping, safety, preservation
Protection Verb Synonyms: extortion, blackmail, protection money
Business / Real Estate / Homestead Exemption: The amount of homestead protection from unsecured creditors—$50,000 for single persons, $75,000 for families, $100,000 for persons 65 years of age, and $100,000 for disabled persons unable to work. MORE
Business / Human Resources (HR) / Older Workers Benefit Protection Act (OWBPA) Of 1990: OWBPA amended the ADEA prohibiting all employers from age discrimination in employee benefits programs by either providing equal benefits for older and younger workers or by spending an equal amount o MORE