Credit Card Glossary: Terms and Definitions
Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.
- Garnishment is a court-ordered technique of debt collection in which a debtor's paycheck or other income is taken and paid to a creditor or a court until a debt is paid in full. In the case of wage garnishment, the court may order a series of payments deducted by a set amount from a debtor's paycheck. For more information, see "Wage garnishment: what it is, how it works."