garnishment

   A legal proceeding in which a creditor (or other plaintiff) obtains a court order compelling a third party (e.g., a bank, the employer of a debtor or other defendant) to pay money earned by the defendant to the plaintiff. Up to a quarter of a debtor's wages can be deducted in this way. The "garnishee" is the person or entity (i.e., the bank or employer) that receives the court order not to release funds. If the garnishee mistakenly gives the money to the debtor, the garnishee will be liable to pay the creditor the amount that should have been set aside.

Business law dictionary. 2015.

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 — 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… …   Financial and business terms

  • 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

  • Garnishment — A legal process whereby payments towards a debt owed by an individual can be paid by a third party which holds money or property that is due to the individual directly to the creditor. The third party in such a case is generally the individual s… …   Investment dictionary

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