What is Beneficium Competentiae?

Legal Definition
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.
-- Bouviers Law Dictionary
Legal Definition
In Scotch law. The privilege of competency. A privilege which the grantor of a gratuitous obligation was entitled to, by which he might retain sufficient for his subsistence, if, before fulfilling the obligation, he was reduced to indigence. Bell. In the civil law. The right which an insolvent debtor had, among the Romans, on making cession of his property for the benefit of his creditors, to retain what was required for him to live honestly according to his condition. 7 Toullier, n. 258
-- Black's Law Dictionary
Legal Definition
(Roman Law) The exemption of enough to live on by one making an assignment to his creditors.
-- Ballentine's Law Dictionary