Glossary

List of glossary items

Displaying 1 - 3 of 3.
A (26) | B (11) | C (40) | D (19) | E (9) | F (9) | G (3) | H (3) | I (18) | L (4) | M (5) | N (5) | O (10) | P (39) | Q (1) | R (16) | S (21) | T (6) | U (4) | V (6) | W (1)
  • An automatic deduction arranged without a person's consent (generally from their income or bank account) due to non-payment of a debt. A trustee in bankruptcy can garnishee income or monies held by third parties on behalf of a bankrupt, where the bankrupt has been assessed as liable to pay income contributions to his or her bankrupt estate and has failed to make payments.

  • An observable and measurable end result that can have one or more objectives. AFSA's corporate goals are designed to achieve government objectives. The goals shape business priorities, measures and strategies which in turn inform the planning, delivery, monitoring and improvement of processes for all of AFSA's work.

  • A legally binding promise whereby one party assumes responsibility for the debt, or performance obligations, of another party should that party default in some way, for example, where an entity guarantees payment of bank borrowings by a third party.