Banking terms starting with G

4 terms

1. Garnishment 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…
2. Garnishment/Garnish A legal process that allows a creditor to remove funds from your bank account to satisfy a debt that you have not paid.
3. Guaranteed Student Loan An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other…
4. Guarantor A party who agrees to be responsible for the payment of another party's debts should that party default.