Definition of IMPUTATION OF PAYMENT


IMPUTATION OF PAYMENT

This term is used in Louisiana to signify
the appropriation which is made of a payment, when the debtor owes
two debts to the creditor. Civ. Code of Lo. art. 2159 to 2262. See
3 N. S. 483; 6 N. S. 28; Id. 113: Poth. Ob. n. 539, 565, 570;
Durant. Des Contr. Liv. 3, t. 3, 3, n. 191; 10 L. R. 232,
352; 7 Toull. n. 173, p. 246.

Source: Bouviers Law Dictionary 1856 Edition

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