Beneficium competentiae

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.