Garnish

Business, Legal & Accounting Glossary

Definition: Garnish




What is the dictionary definition of Garnish?

Dictionary Definition


v. to obtain a court order directing a party holding funds (such as a bank) or about to pay wages (such as an employer) to an alleged debtor to set that money aside until the court determines (decides) how much the debtor owes to the creditor. Garnishing funds is also a warning to the party holding the funds (garnishee) not to pay them, and to inform the court as to how much money is being held. If the garnishee (such as a bank or employer) should mistakenly give the money to the account owner or employee, the garnishee will be liable to pay the creditor what he/she/it has coming. Garnishing wages is a typical means used to collect late child support and alimony payments or money judgments. Often the order will be to pay installment payments to the sheriff until the debt is collected. Then the sheriff pays the whole amount or payments to the person to whom the money is owed.


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https://payrollheaven.com/define/garnish/
Modern Language Association (MLA):
Garnish. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 18, 2021 https://payrollheaven.com/define/garnish/.
Chicago Manual of Style (CMS):
Garnish. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/garnish/ (accessed: September 18, 2021).
American Psychological Association (APA):
Garnish. PayrollHeaven.com. Retrieved September 18, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/garnish/

Definition Sources


Definitions for Garnish are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 2 Views.