Law Dictionary

To search for a particular term please use the following search box.

Letters

You may also browse our dictionary by first letter.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Return to Law Dictionary Index

wage assignment

a clause in a loan contract that allows the lender to obtain the borrower's wages in the case of a default without notice or a hearing. This credit practice was prohibited by federal regulation in 1985.

Source : U.S. Department of the Treasury

Language : English

Return

Return to Law Dictionary Index