Webster's English Dictionary

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homestead

1. home.stead \'ho-m-.sted, -st*d\ n 1a: the home and adjoining land 
   occupied by a family  1b: an ancestral home  1c: HOUSE  2: a tract of land 
   acquired from U.S. public lands by filing a record and l iving on and 
   cultivating the tract
2. home.stead \-.sted\ \-.sted-*r\ vt : to acquire or occupy as a homestead 
   to acquire or settle on land under  a homestead law - home.stead.er n