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Sagot :
When a lending institution receives an amount from the individual on his/her monthly paycheck for covering his/her due debts is called Garnishment.
Option B is the correct answer.
What is a paycheck?
A paycheck is a check provided to the employee for the work done by him/her. It defines the amount of remuneration and other incentives earned by the employee on a monthly basis.
A legal technique that allows a third party to reduce a certain amount from the salary or wages of an individual against the payment of any dues, then this technique is called Garnishment. The third party can be the bank of the debtor and the receiver is the lending institution to whom an individual has to pay back the due amount.
Therefore, Garnishment is the process where the lender receives a certain amount from the salary of the debtor against his/her dues.
Learn more about the Garnishment on paycheck here:
https://brainly.com/question/14895353
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