APPROPRIATION OF PAYMENTS
\ɐpɹˌə͡ʊpɹɪˈe͡ɪʃən ɒv pˈe͡ɪmənts], \ɐpɹˌəʊpɹɪˈeɪʃən ɒv pˈeɪmənts], \ɐ_p_ɹ_ˌəʊ_p_ɹ_ɪ__ˈeɪ_ʃ_ə_n ɒ_v p_ˈeɪ_m_ə_n_t_s]\
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This means the application of a payment to the discharge of a particular debt. Thus, if a creditor has two distinct debts due to him from his debtor, and the latter makes a general payment on account, without specifying at the time to which debt he intends the payment to apply, it is optional for the creditor to appropriate (apply) the payment to either of the two debts he pleases. Gwin v. McLean. 02 Miss. 121; Martiu v. Draher, 5 Watts (Pa.) 544. In English ecclesiastical law. The perpetual annexing of a benefice to some spiritual corporation either sole or aggregate, BL.LAW DICT. (2D ED.)
By Henry Campbell Black
