Garnishment

Business, Legal & Accounting Glossary

Definition: Garnishment


Garnishment

Quick Summary of Garnishment


A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person’s wages can be deducted.



Video Guide For Garnishment




What is the dictionary definition of Garnishment?

Dictionary Definition


a court order to an employer to withhold all or part of an employee’s wages and to send the money to the court or to the person who won a lawsuit against the employee.

legal A judgment that a third party should pay money owing to a defendant directly to a plaintiff.

n. the entire process of petitioning for and getting a court order directing a person or entity (garnishee) to hold funds they owe to someone who allegedly is in debt to another person, often after a judgment has been rendered. Usually, the actual amounts owed have not been figured out or are to be paid by instalments directly or through the sheriff.


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https://payrollheaven.com/define/garnishment/
Modern Language Association (MLA):
Garnishment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/garnishment/.
Chicago Manual of Style (CMS):
Garnishment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/garnishment/ (accessed: March 28, 2024).
American Psychological Association (APA):
Garnishment. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/garnishment/

Definition Sources


Definitions for Garnishment 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: 26th November, 2021 | 0 Views.