Glossary - E



Earnings Arrestment

This is the Scottish equivalent to an "Attachment of Earnings". The court may order money to be deducted from the wages of a debtor to repay outstanding debts.



Equity

The difference between the amount owing on a property and the current market value of that property. If the sum of all loans which are secured on a particular property is greater than the market value of that property then this is known as "Negative Equity".