Garnishee
A garnishee is the recipient (typically a bank) to whom a garnishee order has been delivered (from the garnishor).
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.
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Similar financial terms
No similar financial terms found in the dictionary.