beneficium competentiae

from Bouvier's Law Dictionary, Revised 6th Ed (1856)
BENEFICIUM COMPETENTIAE. The right which an insolvent debtor had, among the 
Romans, on making session of his property for the benefit of his creditors, 
to retain what was required for him to live honestly according to his 
condition. 7 Toull. n. 258. 
    

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