 | Abraham Clark Freeman - 1897 - 1008 σελίδες
...Hence, when partial payments have been made, the rule for casting interest Is to apply the payment, lu the first place, to the discharge of the Interest...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... | |
 | Eugene L. Dubbs - 1901 - 462 σελίδες
...the states of the Union. UNITED STATES RULE When partial payments have been made, apply the payment, in the first place, to the discharge of the interest...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... | |
 | 1901 - 620 σελίδες
...this: " \Vhen partial payments have been made, apply the payment, in the Hrst place. to the discharging of the interest then due. If the payment exceeds the interest, the surplus goe* towards discharging the principal, and the subsequent interest is to be computed on the balance... | |
 | Joseph Ray - 1903 - 366 σελίδες
...reference to partial payments, is as follows : " When partial payments have been made, apply the payment, in the first place, to the discharge of the interest...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... | |
 | International Correspondence Schools - 1903 - 650 σελίδες
...principal." 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 exceed the interest, the surplus goes toward discharging the principal, and the subsequent interest... | |
 | John Williston Cook, Nebraska C. Cropsey - 1903 - 408 σελίδες
...RULE. I. 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. II. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
 | Abraham Clark Freeman - 1903 - 1132 σελίδες
...partial payments have been made, is to apply the payment, in the first place, to the discharge of tho interest then due. If 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... | |
 | Edward Voigt, Charles Voigt - 1904 - 836 σελίδες
...therewith." It is the law in Wisconsin that "when partial payments have been made, the payment is to apply in the first place to the discharge of the interest...the payment exceeds the interest, the surplus goes toward the discharge of the principal, and the subsequent interest is to be computed on the balance... | |
 | George Soulé - 1910 - 1042 σελίδες
...been made, is to apply the payment, in tbe first place, to the discharge of the interest due. II. — If the payment exceeds the interest, the surplus goes...towards discharging the principal, and the subsequent iuterest is to be computed on the balance of principal remaining due. III. — If tbe payment be less... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1917 - 830 σελίδες
...thus: "The rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest...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... | |
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If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest... 
