Wage Assignment

Wage Assignment

A practice in which money can be taken directly from the borrower’s compensation/wages, under authority provided by a court order, for the repayment of debt. This is a lender’s last resort to get the money back from the borrower defaulting on the debt.

Random Finance Terms for the Letter W

• Wage Assignment
• Waiting Period
• Wall of Worry
• Wall Street
• Wall Street Analyst
• Wallflower
• Wallpaper
• Wanted for Cash
• Warehouse Receipt

Related posts:

1. Wanted for Cash
2. Wall of Worry
3. Wall Street
4. Waiting Period
5. Wallpaper