WAIVER OF EXEMPTION
waiver of exemption.
1. A debtor’s voluntary relinquishment of the right to an exemption from a creditor’s levy or sale of any part of the debtor’s personal property by judicial process. [Cases: Exemptions 89¨C99; Homestead 169¨C176.]
2. The contractual clause expressly providing for such a waiver. [Cases: Exemptions 92; Homestead 170.]
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