das Schonvermögen
Translation
protected assets, exempt assets, asset disregard, allowance
Examples
Das Schonvermögen wird bei Sozialhilfe nicht angerechnet.
Protected assets are not taken into account for social assistance.
Es gibt gesetzliche Regelungen zum Schonvermögen.
There are legal regulations regarding protected assets.
Grammar Patterns
to have protected assets ((et4)) Das Schonvermögen übersteigt die Grenze nicht.
Similar Words
Freibetrag (allowance)
Etymology
Composed of 'schonen' (to spare, protect) and 'Vermögen' (assets, wealth). Literally 'spared assets'.
Memory Tips
Think of assets that are 'spared' or 'shielded' ('schonen') from being used up when receiving benefits.