GARNISH Definition

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GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.

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TURNOVER, in U.S. accounting, is the number of times an asset is replaced during a financial period; often used in terms of inventory turnover or accounts receivable turnover. In securities, for either a portfolio or exchange, TURNOVER is the number of shares traded for a period as a percentage of the total shares. In Great Britain,

CONTRACTEE is the person or entity who will receive the goods or services under the provisions of the contract.

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