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 Glossary   >   G   >   "Garnishee" Definition   

        Garnishee

The recipient (typically a bank) to whom a garnishee order has been delivered.A garnishee order is a court order instructing a bank that funds held on behalf of a debtor (the judgement debtor) should not be released until directed by the court. The order may also instruct the bank to pay a given sum to the judgement creditor (the person to whom a debt is owed by the judgement debtor) from these funds.

Garnishee


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Garnishee - The recipient (typically a bank) to whom a garnishee order has been delivered.A garnishee order is a court order instructing a bank that funds held on behalf of a debtor (the judgement debtor) should not be released until directed by the court. The order may also instruct the bank to pay a given sum to the judgement creditor (the person to whom a debt is owed by the judgement debtor) from these funds.


Garnishee : the recipient (typically a bank) to whom a garnishee order has been delivered.a garnishee order is a court order instructing a bank that funds held on behalf of a debtor (the judgement debtor) should not be released until directed by the court. the order may also instruct the bank to pay a given sum to the judgement creditor (the person to whom a debt is owed by the judgement debtor) from these funds.