Cartoon Guy Holding Stack Of Books

Uniform Prudent Investor Act

ABC Blocks

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)

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.