Garnishee
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Garnishee
Garnishee (/ɡɑːrˈniːʃiː/) is a legal term referring to a third party who has been notified that money or property in his or her hands, but owed to a debtor, must be paid to a creditor. The term originates from the French word "garnir", which means to warn or to equip.
Etymology
The term "garnishee" is derived from the Old French word "garnir", which means to warn or to equip. It was first used in the legal context in the 15th century.
Related Terms
- Debtor: A person or entity that owes money or services to another entity.
- Creditor: An entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future.
- Garnishment: A legal process by which a creditor obtains a court order to seize a debtor's property or wages to satisfy a debt.
- Judgment: A formal decision made by a court following a lawsuit.
- Third Party: A person or group besides the two primarily involved in an agreement or dispute.
See Also
References
- Black's Law Dictionary, 10th Edition, Bryan A. Garner, Editor in Chief, Thomson Reuters, 2014.
- The American Heritage Dictionary of the English Language, Fifth Edition, Houghton Mifflin Harcourt Publishing Company, 2011.
External links
- Medical encyclopedia article on Garnishee
- Wikipedia's article - Garnishee
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