ELECTIO EST CREDITORIS

electio est creditoris (i-lek-shee-oh est kred-i-tor-is). [Law Latin] Scots law. The creditor has the election or choice. • The phrase appeared in reference to the creditor’s right to apply payments to one debt or another. Cf. ELECTIO EST DEBITORIS. “Electio est creditoris…. This has reference to a creditor’s right to apply indefinite payments, made by […]