Financial Glossary what is garnishee-order


Garnishee Order

A court order instructing a garnishee (a bank) that funds held on behalf of a debtor/">debtor (the judgement debtor/">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/">debtor) from these funds.
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