May 8, 2008 12:29
16 yrs ago
24 viewers *
English term
Indonesia
Bachelor of English & Candidate LL.B.
Native in: Indonesian (Variants: Pasemah/Besemah, Minangkabau) 
Works in: English to Indonesian, Indonesian to English
levy
English
Bus/Financial
Finance (general)
In fact, the terms attachment, levy, seizure, and garnishment are rather interchangeable.
Nevertheless, because they all occur in the same text, the different definitions must be made.
Here is the sentence:
Accounts are subject to attachment, levy, seizure, and garnishment law.
What is the definition of each of the terms? Thanks in advance for
Nevertheless, because they all occur in the same text, the different definitions must be made.
Here is the sentence:
Accounts are subject to attachment, levy, seizure, and garnishment law.
What is the definition of each of the terms? Thanks in advance for
Responses
19 hrs
Selected
Fine or a tax or some sort of punishment
Attachment, means the accounts may incur some type of legal binding. an attachment could be a special clause in a court order that when the accounts are settled a proportion of the money will go to the legal firm, for instance.
Levy, means the accounts would incur some sort of tax, a fee or monetary penalty. normally levies are collected by a Government or a body of the Government, Ie; the Tax Office.
Seizure, would mean that the accounts would be seized and withheld until matters are settled in a court. Normally carried out on a court order by the court sheriff.
Garnishment, A court order to a payer of the accounts to withhold all or part of an the accounts (monies owed) and to send any monies to the court or to the person who won a lawsuit against the offending party.
By including all of the above terms there would be very little room for the offending party to worm their way out of the court ruling. They are just making it watertight by using all the words.
Levy, means the accounts would incur some sort of tax, a fee or monetary penalty. normally levies are collected by a Government or a body of the Government, Ie; the Tax Office.
Seizure, would mean that the accounts would be seized and withheld until matters are settled in a court. Normally carried out on a court order by the court sheriff.
Garnishment, A court order to a payer of the accounts to withhold all or part of an the accounts (monies owed) and to send any monies to the court or to the person who won a lawsuit against the offending party.
By including all of the above terms there would be very little room for the offending party to worm their way out of the court ruling. They are just making it watertight by using all the words.
4 KudoZ points awarded for this answer.
Comment: "Thanks, Gary and Inmb."
22 mins
inmb
Specializes in field
pls see below - HTH
levy
1) v. to seize (take) property upon a writ of execution (an order to seize property) issued by the court to pay a money judgment granted in a lawsuit. The levy is actually made by a sheriff or other official at the request of the holder of the judgment (the winner in the lawsuit), and the property will be sold at a sheriff's sale to provide money to satisfy the unpaid judgment. 2) v. the act of a governmental legislative body, such as a board of supervisors or commissioners assessing a tax on all property, all sales, business licenses or any thing or transaction which may be taxed. Thus, the county "levies" a tax on businesses. 3) n. the seizure of property to satisfy a judgment.
See also: creditor's rights sheriff's sale tax writ of execution
http://dictionary.law.com/default2.asp?typed=levy&type=1&sub...
1) v. to seize (take) property upon a writ of execution (an order to seize property) issued by the court to pay a money judgment granted in a lawsuit. The levy is actually made by a sheriff or other official at the request of the holder of the judgment (the winner in the lawsuit), and the property will be sold at a sheriff's sale to provide money to satisfy the unpaid judgment. 2) v. the act of a governmental legislative body, such as a board of supervisors or commissioners assessing a tax on all property, all sales, business licenses or any thing or transaction which may be taxed. Thus, the county "levies" a tax on businesses. 3) n. the seizure of property to satisfy a judgment.
See also: creditor's rights sheriff's sale tax writ of execution
http://dictionary.law.com/default2.asp?typed=levy&type=1&sub...
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