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garnishment

 - 4 dictionary results
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gar⋅nish⋅ment

  [gahr-nish-muhnt]
Use garnishment in a Sentence
–noun
1. Law.
a. a warning, served on a third party to hold, subject to the court's direction, money or property belonging to a debtor who is being sued by a creditor.
b. a summons to a third party to appear in litigation pending between a creditor and debtor.
2. adornment or decoration.
Origin:
1540–50; garnish + -ment
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To garnishment
IRS Garnishment Relief
Remove an IRS tax garnishment. Find out how: 1-800-920-0045
FreedomTaxRelief.com
IRS Levy & Seizure Help
225,000+ Taxpayers Served. The Tax Team Defends You. Call Now!
www.JKHarris.com
gar·nish·ment   (gär'nĭsh-mənt)   
n.  

  1. Law

    1. A legal proceeding whereby money or property due a debtor but in the possession of another is applied to the payment of the debt owed to the plaintiff.

    2. A court order directing a third party who holds money or property belonging to a defendant to withhold it and appear in court to answer inquiries.

  2. Ornamentation; embellishment.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Garnishment

Money withheld from an individual's paycheck and remitted to another party, usually a creditor.

Investopedia Commentary

When reporting taxable income, you must include the amounts garnisheed from your wages.

Related Links

The Saver's Tax Credit: an Added Incentive to Fund Your Plan
Five Tips for the Tax-Smart Investor

See also: Creditor, Gross Income, W-2 Form, W-4 Form, Withholding, Withholding Allowance, Withholding Tax

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: gar·nish·ment
Pronunciation: 'gär-nish-m&nt
Function: noun
: a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay the debt to the creditor; specifically : attachment of the debtor's wages to satisfy a judgment —compare wage assignment at ASSIGNMENT
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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IRS Wage Garnishments
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PremierTaxSolutions.com
NJ Creditors Rights Firm
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www.LawFirmCollections.com
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