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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... "
Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ... - Σελίδα 159
των Lyman Cobb - 1836 - 216 σελίδες
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 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

William Johnson - 1824
...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...

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

Lyman Cobb - 1832 - 216 σελίδες
...of interest on notes, bonds, &c. The following Rule is established for the practice of the Courtt ' in the State of New York. "The Rule for casting interest,...the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...

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

William Ruger - 1832 - 263 σελίδες
...following Rule is established for the practice qf the Courts in the State of New York : RULE I. — "The Rule for casting Interest, where partial payments...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

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

Nicolas Pike - 1832 - 528 σελίδες
...established for the practice of the Courts in the Slate of New- York. " The Ruin for casting Interest, when partial payments have been made, is to apply the payment,...the surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment...

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

Frederick Emerson - 1834 - 288 σελίδες
...KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments have been made, is to apply the payment,...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

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...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

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

Indiana. Supreme Court, Isaac Newton Blackford - 1836
...Lynch, 2 Johns. Ch . R. 209. The following is the language of Chancellor Kent on this subject: — "The rule for casting interest, where partial payments...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

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...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed nn the balance of...

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

William Ruger - 1836 - 263 σελίδες
...fSllmeing Rule is established for the practice of the Courts in the Slate of New-York : RULE I.—" The Rule for casting Interest, where partial payments...is to apply the payment, in the first place, to the dis-' charge of the interest then due. If the payment exceeds the interest, the surplus goes towards...




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