garnishee

views updated May 23 2018

gar·nish·ee / ˌgärniˈshē/ Law • n. a third party who is served notice by a court to surrender money in settlement of a debt or claim: [as adj.] a garnishee order. • v. (-ees, -eed) another term for garnish (sense 2).

Garnishee

views updated May 11 2018

GARNISHEE

An individual who holds money or property that belongs to a debtor subject to an attachment proceeding by a creditor.

For example, when an individual owes money but has for a source of income only a salary, a creditor might initiate garnishment proceedings. If the creditor is successful, a certain portion of the debtor's salary will be automatically sent to the creditor from each paycheck. In such case, the debtor's employer is the garnishee.

More From encyclopedia.com