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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 the... "
Reports of Cases Argued and Determined in the Supreme Court of Judicature of ... - Σελίδα 494
των Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Lewis Griffiths, John Worth Kern, Sidney Romelee Moon, Charles Frederick Remy - 1868
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 σελίδες
...when partial payments hare kern mailf1, is to apply the payment, in the first place, to the dinebarge of the interest then due. If the payment exceeds the...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...

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

Nicolas Pike - 1822 - 562 σελίδες
...when partial payments have iiertj made, is ID apply the payment, in the firct place, to the disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of...

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
...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...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus interest must not be...

The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 472 σελίδες
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to...

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

William Ruger - 1832 - 282 σελίδες
...of New York : RULE I. — "The Rule for casting Interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not...

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

Nicolas Pike - 1832 - 540 σελίδες
...in the Slate of New- York. " The Ruin for casting Interest, when partial payments have been made, is to apply the payment, in the first place, to the discha.rge...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal...

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

Lyman Cobb - 1832 - 228 σελίδες
...in the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...

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

Frederick Emerson - 1834 - 300 σελίδες
...Chancellor's own words, as follows. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not...

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...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not...

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

Indiana. Supreme Court, Isaac Newton Blackford - 1836 - 550 σελίδες
...Kent on this subject: — "The rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not...




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