garnishment
garnishment
Definition
gar·nish·ment (gär′nis̸h mənt)
noun
- a decoration; embellishment
- 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
garnishment Finance Definition
A
notice to an employer or to a financial institution that funds from a persons
paycheck or bank account need to be deducted and turned over to a court to pay
for a judgment against the person.
garnishment
Law Definition
n
In litigation,
a judicial process in which a creditor seeks the seizure of a debtors
property, held in possession by a third party.
