Meaning of “homestead” in the English Dictionary

"homestead" in American English

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homesteadnoun [ C ]

us /ˈhoʊm·sted/

a house and the surrounding area of land, esp. land obtained from the government which is lived on and used for farming

(Definition of “homestead” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"homestead" in Business English

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homesteadnoun [ C ]

uk /ˈhəʊmsted/ us US

LAW, PROPERTY property that is your permanent home and not a second home or property that you rent to someone else:

In some states your homestead can't be touched by creditors - no matter when it was purchased.

PROPERTY a house and the surrounding area of land, usually used as a farm:

Developers are on the verge of taking over the family homestead.

(Definition of “homestead” from the Cambridge Business English Dictionary © Cambridge University Press)