garnishment Hear it!

garnishment definition - finance
A notice to an employer or to a financial institution that funds from a personÂ’s paycheck or bank account need to be deducted and turned over to a court to pay for a judgment against the person.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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