Definition from Nolo’s Plain-English Law Dictionary
The items a person needs to pursue his or her occupation. Many state laws provide that tools of the trade are exempt property -- that is, they may not be seized by creditors or by the trustee in a bankruptcy case -- either entirely or up to a certain dollar amount. (See also: exempt property
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:25 pm