Garnishment - permalink
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- Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor's property (such as wages or bank accounts) held by the third party.
The Office of the Comptroller of the Currency - Cite This Source - This Definition - Browse Related Terms: Decedent, Escheat, Estate account, Frozen account, Overdraft
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