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" The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and... "
HIGHER ARITHMETIC - Σελίδα 134
των GEORGE R. PERKINS A.M., - 1849
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Τόμος 7

William Johnson - 1824
...usury, are discussed and defended by the Chancellor, in the case of Thompson v. Berry, 3 JCR395. 24. The rule for casting interest, when partial payments...have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 σελίδες
...RULE IV. The following Rule U established for the practice of the Courts in the State of New- York. " The Rule for casting Interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 σελίδες
...following Rule is established for the practice of the Courts in the Slate of New- York. " The Ruin for casting Interest, when partial payments have been...discha.rge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest...

Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 σελίδες
...established for the practice of the Courtt ' in the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment,...discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 263 σελίδες
...practice qf the Courts in the State of New York : RULE I. — "The Rule for casting Interest, where partial payments have been made, is to apply the payment,...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The North American arithmetic: Part third, for advanced scholars, Μέρος 3

Frederick Emerson - 1834 - 288 σελίδες
...Reports, in a case decided by chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 297 σελίδες
...Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part payments have been made, apply the payment in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 3

Indiana. Supreme Court, Isaac Newton Blackford - 1836
...following is the language of Chancellor Kent on this subject: — "The rule for casting interest, where partial payments have been made, is to apply the payment,...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1836 - 216 σελίδες
...established far the practice of the Courts in the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment,...discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, nnd the subsequent interest...

A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - 1836 - 192 σελίδες
...Chancellor Kent, of the state of New-York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...




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