What does garnishment mean?
A portion of money or property that is taken from someone's wages or bank account to pay a debt. A garnishment is a court order that allows a creditor to take a portion of a debtor's income or assets.
Example
"The court issued a garnishment order to deduct 20% of the debtor's wages to pay off the outstanding loan."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.