Clayton's case, the rule in
payments towards a running account, such as a bank account, are applied to the earliest debt first. Thus, the most recently incurred charge is the last charge that will be paid off. See the case after which the rule is named. See Devaynes v. Noble (1816) 1 Merivale 529, the case after which the rule is named.

Collins dictionary of law. . 2001.

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