garnishee
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
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
About this article
Garnishee
All Sources -
You Might Also Like
NEARBY TERMS
Garnishee