garnishment

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garnishment,

in law, means of requiring a third party who holds a debtdebt,
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 judgmentjudgment,
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; thus, except
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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 trusttrust,
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 whose hands
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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.
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References in periodicals archive ?
To the extent garnishment and wage assignment increase the cost to the debtor and lower the cost to the creditor, they perform a function quite similar to other forms of collateral.
Ramirez acknowledged that he had not deducted child-support payments from Hernandez's wages, but Ramirez said that he either lost or forgot about the various wage assignment orders.
Wage assignments--Should wage assignments be recognized?
site visitors can learn more about new hire reporting, find out how the Year 2000 will affect computer systems around the world or prepare for the next big payroll issue looming on the horizon, such as wage assignments (garnishments) calculations and third-party payments.
com, viewers also will be notified of ongoing improvements to Ceridian's core payroll service, including new and expanded categories for information; multiple 401(k) deductions associated with one employee, one limit; wage assignments (garnishments) calculations and third-party payments; and better accommodation for telecommuters with local and regional tax processing support.