homestead

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See also: National Parks and Monuments (table)National Parks and Monuments

National Parks
Name Type1 Location Year authorized Size
acres (hectares)
Description
Acadia NP SE Maine 1919 48,419 (19,603) Mountain and coast scenery.
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Homestead.

1 City (1990 pop. 26,866), Dade co., SE Fla.; inc. 1913. A large Miami suburb with a growing Hispanic population, Homestead is a trade center for the redland district, known for its many varieties of citrus and other fruits and vegetables. Nearby Homestead Air Force Base was converted to a reserve base in 1994, with development slated for some of the land. The city is the gateway to Everglades National Park (see National Parks and MonumentsNational Parks and Monuments

National Parks
Name Type1 Location Year authorized Size
acres (hectares)
Description
Acadia NP SE Maine 1919 48,419 (19,603) Mountain and coast scenery.
..... Click the link for more information.
, table) and the Florida Keys. Local attractions include several tropical gardens, a pioneer museum, a stock car racetrack, and a castlelike building furnished with coral items. A state subtropical experiment station is there, and a nuclear power plant is nearby. In 1992 a disastrous hurricane swept through S Florida, leveling much of the area, including the commercial center of Homestead. 2 Borough (1990 pop. 4,179), Allegheny co., SW Pa., on the Monongahela River just S of Pittsburgh; inc. 1880. Once a foremost U.S. steel producer, Homestead declined rapidly in the 1980s when steel companies relocated overseas. In 1892 the Homestead strikeHomestead strike,
in U.S. history, a bitterly fought labor dispute. On June 29, 1892, workers belonging to the Amalgamated Association of Iron and Steel Workers struck the Carnegie Steel Company at Homestead, Pa. to protest a proposed wage cut. Henry C.
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, one of the most bitterly fought industrial disputes in U.S. labor history, occurred there; the site has been redeveloped as the Waterfront, a mixed-use retail-residential complex.

Bibliography

See study by W. Serrin (1992).

Homestead

A piece of land, limited to 160 acres, deemed adequate for the support of one family, occupied by the owner as a home; in many states, such a property is protected by statute and exempt from seizure or attachment to satisfy a judgment rendered in favor of a creditor.

homestead

1. In the United States, under the Homestead Act of 1862, a tract of unoccupied public land, 160 acres in area, that could be permanently acquired after five years of continuous occupancy and the payment of a fee. The Act was passed by the Congress to promote westward expansion and for the purposes of revenue; this quantity of acreage was deemed adequate for the support of one family. Any citizen who settled on such survey public land could purchase it from the government if he was the head of a family and over 21 years of age.
2. The house built on such a tract.
3. (Brit.) A group of buildings and the land forming the home of a family.

homestead

1. (in the US) a house and adjoining land designated by the owner as his fixed residence and exempt under the homestead laws from seizure and forced sale for debts
2. (in western Canada) a piece of land, usually 160 acres, granted to a settler by the federal government
References in periodicals archive ?
As such, we discussed the policy behind the exemption, the limits on its use, namely the types of residences which may qualify as homestead, the size of limitations of the real property on which the homestead is situated, and, finally, the manner in which residences must be owned in order to qualify for homestead.
Upon sale of the property where the estate has not elected the marital deduction for the homestead, the surviving spouse and lineal descendants can simply divide the sales proceeds according to their actuarial interests, without making taxable gifts.
If the debtor sells the homestead, the exemption continues on the proceeds if they are segregated and used within a reasonable time to acquire another homestead.