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Definition of


  • 1. Finance

    withholding of income to repay debt a procedure by which wages or salary are withheld from an employee in order to pay off the employee's debt

  • 2. Legal

    order requiring garnishee to pay third party a court order, making a garnishee pay money not to the debtor, but to a third party. For example, a court may order an employer to take money from an employee's pay and pay it to somebody to whom the employee owes money.

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Definitions of ’garnishment’ and meaning of ’garnishment’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’garnishment’ and other financial terms with our online QFINANCE Financial Dictionary.

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