garnishment

garnishment
garnishee gar‧ni‧shee 1 [ˌgɑːnɪˈʆiː ǁ ˌgɑːr-] also gar‧nish [ˈgɑːnɪʆ ǁ ˈgɑːr-] verb [transitive]
LAW if a court of law garnishees someone's money or property, it orders an organization holding it, for example a bank or an employer, to send it to the court in order to pay that person's debts:

• Military law holds armed forces personnel responsible for their debts, and wages can be garnisheed to pay them.

• One method of getting your money back is to obtain a garnishee order requiring money to be paid out of your debtor's bank account.

— garnishment noun [countable, uncountable] :

• Five states, including Texas, don't permit garnishment of wages.

* * *

garnish UK US /ˈgɑːnɪʃ/ verb [T] (also garnishee) LAW
to take part of the income or property of someone who owes a debt and give it to a court in order to pay the debt: »

After his house and car were taken, and wages garnished, he was forced to move in with his parents.

garnishment noun [U]
»

The state does not permit wage garnishment for most civil debts.


Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • garnishment — gar·nish·ment / gär nish mənt/ n: a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay the debt to the creditor; specif: attachment of the… …   Law dictionary

  • garnishment — A legal process whereby a debt owed by a third person (garnishee) to a judgment debtor, or property of a judgment debtor held by that third person garnishee, is attached by a creditor toward satisfaction of the obligation or debt owed by the… …   Glossary of Bankruptcy

  • Garnishment — Gar nish*ment, n. [Cf. OF. garnissement protection, guarantee, warning.] 1. Ornament; embellishment; decoration. Sir H. Wotton. [1913 Webster] 2. (Law) (a) Warning, or legal notice, to one to appear and give information to the court on any matter …   The Collaborative International Dictionary of English

  • garnishment — 1520s, from GARNISH (Cf. garnish) + MENT (Cf. ment) …   Etymology dictionary

  • garnishment — [gär′nish mənt] n. 1. a decoration; embellishment 2. Law a proceeding by which a creditor plaintiff seeks to attach money or property in the possession of a third party in order to satisfy a debt owed by the defendant …   English World dictionary

  • Garnishment — A garnishment is a means of collecting a monetary judgment against a defendant by ordering a third party (the garnishee) to pay money, otherwise owed to the defendant, directly to the plaintiff. United States Wage garnishment Wage garnishment,… …   Wikipedia

  • garnishment — /gahr nish meuhnt/, n. 1. Law. a. a warning, served on a third party to hold, subject to the court s direction, money or property belonging to a debtor who is being sued by a creditor. b. a summons to a third party to appear in litigation pending …   Universalium

  • garnishment — A proceeding whereby a plaintiff creditor, i.e., garnishor, seeks to subject to his or her claim the property or money of a third party, i.e., garnishee, owed by such party to defendant debtor, i.e., principal defendant. Van Maanen v. Van Maanen …   Black's law dictionary

  • garnishment — A proceeding whereby a plaintiff creditor, i.e., garnishor, seeks to subject to his or her claim the property or money of a third party, i.e., garnishee, owed by such party to defendant debtor, i.e., principal defendant. Van Maanen v. Van Maanen …   Black's law dictionary

  • garnishment — Trustee Trus*tee , n. (Law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person… …   The Collaborative International Dictionary of English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”