GARNISHMENT Meaning and
Definition
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Garnishment refers to a legal process in which a portion of an individual's wages, bank accounts, or other assets are seized or withheld by court order in order to satisfy a debt owed to a creditor. It is an action typically taken as a result of a judgment against the debtor, usually in cases where the debtor has failed to make required payments or has fallen behind on their financial obligations.
The process of garnishment usually begins with a court issuing a judgment in favor of the creditor. Once the judgment is obtained, the creditor can then pursue garnishment actions, which may involve notifying the debtor's employer or financial institution to withhold a specific amount of money from the debtor's wages or accounts. This withheld money is then sent directly to the creditor to satisfy the debt.
Garnishment can also apply to other types of assets, such as real estate or personal property, which may be seized and sold by the court to generate funds for debt repayment. However, laws regarding garnishment vary by jurisdiction, and there are often limits on the amount that can be garnished from a debtor's income or assets.
In summary, garnishment is a legal process used by creditors to collect debts by seizing a portion of an individual's income or assets through court order, with the aim of satisfying the debt owed to the creditor.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Other Common Misspellings for GARNISHMENT
Etymology of GARNISHMENT
The word "garnishment" comes from the Old French word "garnir", which means "to provide, furnish, or equip". In medieval times, "garnir" evolved to also mean "to warn or summon". This sense of warning or summoning was later applied to the practice of taking a person's property or wages in order to settle a debt or legal claim. The noun form "garniss" appeared in Old French, and eventually "garnishment" became the modern English word to describe this legal procedure.
Similar spelling words for GARNISHMENT
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