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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... "
Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ... - Σελίδα 221
των James Bates Thomson - 1846 - 336 σελίδες
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 σελίδες
...kern mailf1, is to apply the payment, in the first place, to the dinebarge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment...

Reports of Cases Adjudged in the Court of Chancery of New-York ..., Τόμος 7

New York (State). Court of Chancery, William Johnson - 1824 - 748 σελίδες
...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 - 544 σελίδες
...Rule U established for the practice of the Courts in the State of New- York. " The Rule for casting Interest, when partial payments have been made, is...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent...

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

Lyman Cobb - 1832 - 228 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,...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent...

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

William Ruger - 1832 - 282 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,...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...

The North American Arithmetic: Part Third, for Advanced Scholars, Τόμος 3

Frederick Emerson - 1834 - 300 σελίδες
...by chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments have been made, is...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...

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

John Preston - 1834 - 312 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...

Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

Indiana. Supreme Court, Isaac Newton Blackford - 1836 - 550 σελίδες
...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,...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...

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

Lyman Cobb - 1836 - 228 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,...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, nnd the subsequent...

A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

George Willson - 1836 - 202 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...




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