Home confinement - A special condition the court imposes that requires an individual to remain at home except for certain approved activities such as work and medical appointments. Home confinement may include the use of electronic monitoring equipment – a transmitter attached to the wrist or the ankle – to help ensure that the person stays at home as required.⏎
Liquidation - The sale of a debtor's property with the proceeds to be used for the benefit of creditors.⏎
Liquidated claim - A creditor's claim for a fixed amount of money.⏎
Exempt assets - Property that a debtor is allowed to retain, free from the claims of creditors who do not have liens on the property.⏎
Lien - A charge on specific property that is designed to secure payment of a debt or performance of an obligation. A debtor may still be responsible for a lien after a discharge.⏎