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Wage Assignment

What is 'Wage Assignment'

The procedure of taking money directly from an employee's compensation under the authority of a court order, in order to pay a debt obligation. Wage assignments are typically a last resort of a lender to receive repayment from a borrower who has previously failed to pay their debt obligation.

Explaining 'Wage Assignment'

Typical reasons for a wage assignment may be items such child support payments, court fines and taxes that have gone unpaid for a prolonged period of time. Once mandated by a court and served to an employer, wage assignments are processed as part of an employer's payroll procedure -- the employee's regular paycheck is decreased by the amount of the assignment and noted on their pay stub.


Further Reading


Returns to talent and the finance wage premium
academic.oup.com [PDF]
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Strengthening state capabilities: The role of financial incentives in the call to public serviceStrengthening state capabilities: The role of financial incentives in the call to public service
academic.oup.com [PDF]
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Wage inequality and firm growthWage inequality and firm growth
www.aeaweb.org [PDF]
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Wage Assignment Problem, TheWage Assignment Problem, The
heinonline.org [PDF]
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Financial factors in economic developmentFinancial factors in economic development
www.nber.org [PDF]
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The law and economics of consumer financeThe law and economics of consumer finance
academic.oup.com [PDF]
… Menu; Sign In. Register. Navbar Search Filter This issue All The Review of Financial Studies JEL: G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages … JEL: J24 - Human Capital; Skills; Occupational Choice; Labor Productivity JEL: J31 - Wage Level and …

Wages and human capital in the US finance industry: 1909–2006Wages and human capital in the US finance industry: 1909–2006
academic.oup.com [PDF]
… Menu; Sign In. Register. Navbar Search Filter This issue All The Review of Financial Studies JEL: G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages … JEL: J24 - Human Capital; Skills; Occupational Choice; Labor Productivity JEL: J31 - Wage Level and …

The determination of financial structure: the incentive-signalling approachThe determination of financial structure: the incentive-signalling approach
www.jstor.org [PDF]
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Why bother? understanding the impact of financial obligations on wage selectivityWhy bother? understanding the impact of financial obligations on wage selectivity
mpra.ub.uni-muenchen.de [PDF]
… Menu; Sign In. Register. Navbar Search Filter This issue All The Review of Financial Studies JEL: G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages … JEL: J24 - Human Capital; Skills; Occupational Choice; Labor Productivity JEL: J31 - Wage Level and …

The wages of social responsibilityThe wages of social responsibility
www.tandfonline.com [PDF]
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Q&A About Wage Assignment


What are some examples of wages?

Some examples of wages include compensatory payments such as minimum wage, prevailing wage and yearly bonuses. Remunerative payments include prizes and tip payouts.

Are wages part of the expenses that are involved in running a business?

Yes, they are part of the expenses that are involved in running a business.

Who typically initiates a wage assignment?

Typically, lenders initiate the process of wage assignments.

When would you receive notice that you were being assigned wages?

You might receive notice when your employer receives notification from the courts to withhold funds from your paycheck.

What happens after you are notified that you will be receiving wages through an assignment?

Your employer will deduct money from your paycheck in accordance with the terms of the court order.

What is a wage assignment?

A wage assignment is when money is taken directly from an employee's compensation under the authority of a court order.

How does someone know if they are eligible for a wage assignment?

They may be eligible if they have unpaid debts and have been served with court papers.

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