### Question
How is the term earnings defined?


### Answer
The term **earnings** is defined in *15 U.S.C. § 1672* as the following:

> 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

#### Citation:
  - *15 U.S.C. § 1672*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER II-RESTRICTIONS ON GARNISHMENT**

