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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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Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 348 σελίδες
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge...the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed...

Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...SUPREME COURT OF THE UNITED STATES, AND OF THE STATES GENERALLY. I. " The rule for casting interest, when partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due." II. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...

Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 778 σελίδες
...rule for computing interest is prescribed in the case of Bacchus v. Minor, 3 Cal., 231, as follows: The rule for casting interest where partial payments...the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment...

Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 σελίδες
...Admin., October T. 1859; Macoleta v. Packard, Admin., October T., 1859. b It may be here stated that 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...

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 σελίδες
...the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due. II. " If tJte payment exceeds Ike interest, the surplus goes towards discharging the principal, and...

The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 σελίδες
...made, the Supreme Court of the United States has decided that, I. ''The rule for casting interest when partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due. II. " If the payment exceeds the interest the surplus goes towards discharging the principal, and the...

Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court - 1860 - 688 σελίδες
...John. Ch. 13 ; and is this : " When partial payments have been made, such payments are to be applied, in the first place, to- the discharge of the interest...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 348 σελίδες
...Supreme Court of the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. Apply the payment in the first place to the discharge...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 Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 σελίδες
...be computed, a year is intended. 1 Rev. Stai., 773, § 10. 137. 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...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 1

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 790 σελίδες
...Vt., 26 ; Robinson t>. Doolittle, 12 Id., 246 ; HUlyerz.Vaughau, 1 /. J. ManA., 68*. terest, the rule 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 on the balance of...




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