application of payments
- The use or account to which a payment is applied or credited where a single creditor has two or more demands, and other creditors, as well as the debtor, will be affected by the particular application made. 40 Am J1st Paym §§ 108 et seq.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
application — ap·pli·ca·tion n: a request for action or relief most application s request bail...or an extension of time to file W. J. Brennan, Jr.; also: a form used to make such a request an insurance application Merriam Webster’s Dictionary of Law. Merriam… … Law dictionary
application — Use, as the application of a drug; devoting to a purpose, as the application of payments. A request; a seeking, usually in the form of writing; a petition. One of the most frequent uses of the term is in the law of insurance, it referring in that … Ballentine's law dictionary
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appropriation of payments — See application of payments … Ballentine's law dictionary
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