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r purpose, or in a particular case; to appropriate; to devote; as, to apply money to the payment of a debt.

The application of payment of money by a debtor to his creditor, to one of several debts which are due from the former to the latter. Chitty.

That which is behind in payment, or which remains unpaid, though due; esp. a remainder, or balance which remains due when some part has been paid; arrearage; -- commonly used in the plural, as, arrears of rent, wages, or taxes. Locke. For much I dread due payment by the Greeks Of yesterday's arrear. Cowper. I have a la…

That which remains unpaid and overdue, after payment of a part; arrears. The old arrearages . . . being defrayed. Howell.

Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. Story. Blackstone.

Insurance; a contract for the payment of a sum on occasion of a certain event, as loss or death.

In return, repayment, or requital. What have I to give you back! Shak.

eller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See Contango. Biddle.

ake the sums of the debits and credits of an account equal; -- said of an item; as, this payment, or credit, balances the account.

One who holds a check, note, draft, or other order for the payment of money; as, pay to bearer.

One of an association of religious laymen living in imitation of the Beguines. They arose in the thirteenth century, were afterward subjected to much persecution, and were suppressed by Innocent X. in

payable to order or to bearer. So also the order generally expresses a specified time of payment, and that it is drawn for value. The person who draws the bil is called the drawer, the person on whom it is drawn is, before acceptance, called the drawee, -- after acceptance, the acceptor; the person to whom the money is…

Payment of money exacted by means of intimidation; also, extortion of money from a person by threats of public accusation, exposure, or censure.

A mode of tenure by the payment of a small duty in white rent (silver) or otherwise.

t performed, the bond becomes forfeited, and the obligor and his heirs are liable to the payment of the whole sum. Bouvier. Wharton.

Placed under, or covered by, a bond, as for the payment of duties, or for conformity to coertain regulations. Bonded goods, goods placed in a bonded warehouse; goods, for the duties on which bonds are given at the customhouse. -- Bonded warehouse, a warehouse in which goods on which the duties are unpaid are stored un…

A person who holds the bonds of a public or private corporation for the payment of money at a certain time.

Money given in payment for votes or political influence; bribe money; swag. [Polit. slang, U. S.]

Payment of any kind. Bouvier.

pothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money le…