Kentucky Statutes 427.005 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
As used in this chapter:
(1) The term “earnings” means compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program.
(2) The term “disposable earnings” means that part of the earnings of any individual remaining after the deduction from those earnings of any amounts required by law to be withheld.
(3) The term “garnishment” means any legal or equitable procedure through which the earnings of any individual are required to be withheld for payment of any debt.
(4) The terms “household furnishings, jewelry, personal clothing, and ornaments” mean clothing, furniture, appliances, linens, china, crockery, kitchenware, and personal effects of an individual and the individual’s dependents, but do not include:
(a) Works of art;
(b) Electronic entertainment equipment (except to the extent of one (1) television and one (1) radio);
(c) Antiques; and
(d) Jewelry other than wedding rings.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 53, sec. 1, effective July 14, 1992. — Created
1970 Ky. Acts ch. 217, sec. 1.
(1) The term “earnings” means compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program.
Terms Used In Kentucky Statutes 427.005
- earnings: means compensation paid or payable for personal services, whether denominated as wages, salary, commission, bonus, or otherwise, and includes periodic payments pursuant to a pension or retirement program. See Kentucky Statutes 427.005
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
(2) The term “disposable earnings” means that part of the earnings of any individual remaining after the deduction from those earnings of any amounts required by law to be withheld.
(3) The term “garnishment” means any legal or equitable procedure through which the earnings of any individual are required to be withheld for payment of any debt.
(4) The terms “household furnishings, jewelry, personal clothing, and ornaments” mean clothing, furniture, appliances, linens, china, crockery, kitchenware, and personal effects of an individual and the individual’s dependents, but do not include:
(a) Works of art;
(b) Electronic entertainment equipment (except to the extent of one (1) television and one (1) radio);
(c) Antiques; and
(d) Jewelry other than wedding rings.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 53, sec. 1, effective July 14, 1992. — Created
1970 Ky. Acts ch. 217, sec. 1.