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Từ vựng:

appropriation of a payment to a debt

Giải nghĩa:

/ˌəˌproʊpriˈeɪʃən ʌv ə ˈpeɪmənt tuː ə det/ – Phrase


Definition: dành tiền thanh toán để trả nợ.

A more thorough explanation: Appropriation of a payment to a debt refers to the act of designating a payment made by a debtor to a specific debt or obligation owed to a creditor. This process involves the creditor applying the payment received from the debtor towards a particular debt, thereby satisfying or reducing that specific obligation. The appropriation of payment to a debt is typically governed by contract terms, statutory provisions, or common law principles that dictate how payments are to be allocated among multiple debts or obligations.

Example: The appropriation of a payment to a debt occurs when a debtor designates a specific payment to be applied towards a particular debt owed to a creditor.

 

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