garnishment definition
DEFINITION of 'Garnishment'. A legal process whereby payments towards a debt owed by an individual can be paid by a third party-which holds money or property that is due to the individual-directly to the creditor. The third party in such a case is generally the individual's employer and is known as the garnishee.EFINITION of 'Garnishment'. A legal process whereby payments towards a debt owed by an individual can be paid by a third party-which holds money or property that is due to the individual-directly to the creditor. The third party in such a case is generally the individual's employer and is known as the garnishee.