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garnishment
(redirected from garnishee)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
garnishment, in law, means of requiring a third party who holds a debt debt, obligation in services, money, or goods owed by one party, the debtor, to another, the creditor. When contested, debts are collected by a civil suit upon which the judge renders a judgment, and an execution is levied on the debtor's property.
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 (including wages) due a defendant to retain the property temporarily. The garnishment consists of a warning, in the form of a judgment judgment, decision of a court of law respecting the issues before it. The term ordinarily is not applied to the decree (order) of courts of equity. The outstanding characteristic of a legal judgment, in contrast to an equitable decree, is its finality and fixity;
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, to the third party, called the garnishee, not to deliver the goods or money due to the defendant, but to hold them in trust trust, in law, arrangement whereby property legally owned by one person is administered for the benefit of another. Three parties are ordinarily needed for the relation to arise: the settlor, who bequeaths or deeds the property for another's benefit; the trustee, in
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 pending the outcome of the plaintiff's suit. This provisional remedy guarantees the plaintiff at least some recovery if he wins the case.

garnishment

In law, attachment of a debtor's wages to satisfy a judgment. Under a garnishment order, the court requires the employer to deduct and pay to the creditor a percentage of the debtor's salary until the debt is satisfied. As legal redress, the practice can be traced to Roman law. See also debtor and creditor.



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This will allow the board to obtain a judicial order, which will further permit them garnishee assets.
The money owing to the debtor is "seized" by serving a garnishee summons on the third party.
She also noted that "because attorneys and their trust accounts are subject to the same provisions of the garnishment statute as any other bank or nonbank garnishee, we cannot discern a principled basis for holding that funds located in an attorney's trust account warrant any greater protection from creditors than funds located in the client's personal account.
 
 
 
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