homesteadhome·stead /ˈhəʊmsted, -stədˈhoʊm-/ noun [countableC] American EnglishAmE1LAW property that is someone’s home and that they cannot be forced to sell to pay their debtsTexas homestead law protects your home from being seized if you go bankrupt.
2FARMINGa farm and the area of land around itthe homestead his grandfather left him