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Dictionary

home•stead

Pronunciation: (hōm'sted, -stid), [key]
—n.
1. a dwelling with its land and buildings, occupied by the owner as a home and exempted by a homestead law from seizure or sale for debt.
2. any dwelling with its land and buildings where a family makes its home.
3. a tract of land acquired under the Homestead Act.
4. a house in an urban area acquired under a homesteading program.

—v.t.
to acquire or settle on (land) as a homestead: Pioneers homesteaded the valley.

—v.i.
to acquire or settle on a homestead: They homesteaded many years ago.