A court ordered settlement that allows a lender to take monies owed directly from a borrower's paycheck (BANKRUPTCY DICTIONARY OF TERMS)/.

The seizure of property, monies, earnings, receivables belonging to a debtor that are in the hands of a third party. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

  • garnishee — gar·nish·ee 1 /ˌgär nə shē/ n: a third party holding garnished property or money of a debtor garnishee 2 vt eed, ee·ing: garnish Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Garnishee — Gar nish*ee , n. (Law) One who is garnished; a person upon whom garnishment has been served in a suit by a creditor against a debtor, such person holding property belonging to the debtor, or owing him money. [1913 Webster] Note: The order by… …   The Collaborative International Dictionary of English

  • Garnishee — Gar nish*ee , v. t. [imp. & p. p. {Garnisheed} ( [=e]d); p. pr. & vb. n. {Garnisheeing}.] (Law) (a) To make (a person) a garnishee; to warn by garnishment; to garnish. (b) To attach (the fund or property sought to be secured by garnishment); to… …   The Collaborative International Dictionary of English

  • garnishee — 1620s, from GARNISH (Cf. garnish) (v.) + EE (Cf. ee) …   Etymology dictionary

  • garnishee — [gär΄ni shē′] n. [ GARNISH + EE1] Law the third party in a GARNISHMENT (sense 2) vt. garnisheed, garnisheeing GARNISH (vt. 3): now rare in U.S. legal usage …   English World dictionary

  • garnishee — ▪ I. garnishee garnishee 2 noun [countable] LAW a person, or the organization that is holding their money or property, who has been given an official order from a court stating that wages or property will be taken to pay back a debt   [m0] ▪ II.… …   Financial and business terms

  • garnishee — See garnish, garnishee …   Dictionary of problem words and expressions

  • garnishee — /ganəˈʃi / (say gahnuh shee) verb (t) (garnisheed, garnisheeing) 1. to attach (money or property) by garnishment. 2. to make (a person) a garnishee. –noun 3. a person served with a garnishment …   Australian English dictionary

  • garnishee — I. noun Date: 1627 a person who is served with a legal process of garnishment II. transitive verb ( eed; eeing) Date: 1846 1. to serve with a garnishment 2. to take (as a debtor s wages) by legal authority …   New Collegiate Dictionary

  • garnishee — /gahr ni shee /, v., garnisheed, garnisheeing, n. Law. v.t. 1. to attach (money or property) by garnishment. 2. to serve (a person) with a garnishment. n. 3. a person served with a garnishment. [1620 30; GARNISH + EE] * * * …   Universalium

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