 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...  Stoddard's Practical Arithmetic - Σελίδα 192των John Fair Stoddard - 1852 - 299 σελίδεςΠλήρης προβολή - Σχετικά με αυτό το βιβλίο
 | New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889 - 484 σελίδες
...376). The rule was laid down by Chancellor KENT as follows: " When partial 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 toward discharging the principal, and the subsequent interest... | |
 | Henry Stanton Tiffany - 1890 - 96 σελίδες
...20 Per cent. divide by 18 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 subsequent interest... | |
 | John Davison Lawson - 1890 - 944 σελίδες
...held the rule for casting interest, when partial payments have been made, to be, to apply the payments 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 interest... | |
 | 1891 - 1266 σελίδες
..."When partial payments have been made, apply the í ayrnent, in the first place, to the discharging of the Interest then due. If the payment exceed» the interest, the surplus jjoes towards discharging the principal, and the subséquent interest ia to be computed on the balance... | |
 | John Edward King - 1891 - 254 σελίδες
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. 472. Find the amount due... | |
 | 1893 - 252 σελίδες
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. EXAMPLES. 472. Find the amount... | |
 | Horatio Nelson Robinson - 1895 - 526 σελίδες
...States has decided that : " 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 subsequent interest... | |
 | James Schouler - 1896 - 848 σελίδες
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and compute the subsequent... | |
 | 1896 - 1182 σελίδες
...Ch. 13, and Is 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 of the interest then due. If the payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | William Seneca Sutton - 1896 - 342 σελίδες
...the UNITED STATES BULE. 1. " 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. 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and... | |
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