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In some rare cases these can be garnished, but are not usually. Your income that is coming in from a job is generally what is garnished.

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Q: Can a certificate of deposit be garnished?
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Related questions

Can money be garnished from safe deposit boxes?

Garnished, no, seized, yes.


Can social security benefits be garnished from bank after direct deposit?

No


Can a certificate of deposit be garnished in Ohio?

Perhaps not, but a possibility is having a 'lien' placed against the CD, so that whenever you decide to cash it in, the amount owed is taken 'off the top' before you get the remainder.


What is the plural of certificate of deposit?

Certificates of deposit.


Can Owner of deposit certificate sell it?

No. A Deposit Certificate cannot be sold. It can only be cashed by the person who took the deposit certificate so buying it would be a bad idea because if anyone else tries to cash the deposit certificate, the bank will not pay them.


How would you use a certificate of deposit?

well first you would start the start the deposit of your certificate. I would recomend waiting so your Certificate of deposit can mature with growth. Be sure to add the exact intrest rate of your certificate and be sure to use a calculator to determine your amount of the certificate deposit


What are the dimensions of a safe deposit box?

certificate of deposit


What is a bank CD?

A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.


Is a certificate of deposit debited or credited?

Certificate of deposit is a current asset account and that's why it has a debit balance as a normal balance.


Where can someone get the certificate of deposit accounts?

A certificate of deposit is also commonly known as a time deposit which can be purchased in banks and credit unions that are located in the United States of America.


How do you replace a lost certificate of deposit?

To replace a lost certificate of deposit: locate any of your bank statements showing your account details, then contact the bank that issued you with the certificate of deposit, then provide documentation to prove your identity, then pay the requested fee and wait for your certificate to be reissued.


Are Certificate of deposit sheltered from creditors?

no