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nonexempt property

[/ˌnɑːn.ɪɡˈzɛmpt ˈprɑː.per.ti/]
nounpl: nonexempt properties
bem não imune
1. Property that is subject to seizure or taxation and is not protected from creditors under bankruptcy or exemption laws
The debtor's nonexempt property was sold to pay off creditors during the bankruptcy proceedings.
O bem não imune do devedor foi vendido para pagar os credores durante o processo de falência.
2. Assets that do not qualify for legal protection or exemption from liability in legal proceedings
Nonexempt property includes luxury vehicles and investment accounts in most jurisdictions.
Bens não imunes incluem veículos de luxo e contas de investimento na maioria das jurisdições.
Synonyms
unprotected propertyattachable propertyseizable assetsnon-protected assets
Antonyms
exempt propertyprotected propertyhomestead propertyexempt assets

Regional Variations

General Brazilian
bem não imune; propriedade não isenta
Used in legal and bankruptcy contexts in Brazil
Portugal
bens não isentos; propriedade não protegida
Common in Portuguese legal terminology
General
ativo não protegido; patrimônio penhorável
Alternative technical translations used in financial contexts

Related Idioms & Phrases

subject to attachment
liable to seizure
fair game for creditors
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