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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... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Σελίδα 132
των George Roberts Perkins - 1851 - 342 σελίδες
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Higher Arithmetic, Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - 1848 - 432 σελίδες
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for catting interest, when partial payments have been made, is...place, to the discharge of the interest then due. , II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

Cases Argued and Adjudged in the Supreme Court of Florida, Τόμος 2

Florida. Supreme Court - 1848 - 786 σελίδες
...rs. ORLOFF M. DORMAN, APPELLEE. When partial payments are made, the rule, with respect to interest, is to apply the payment in the first place to the discharge of the interest due at the time of payment. If the payment exceeds the interest, the surplus must be applied to the...

An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - 1849 - 346 σελίδες
...payments, or indorsements,• the rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial...interest then due^- If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest is to be computed on...

Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 334 σελίδες
...most of the States of the Union, among which are Massachusetts and New York: SUPREME COURT RULE. I. " The rule for casting interest, when partial payments...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...

Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 320 σελίδες
...most of the States of the Union, among which are Massachusetts and New York: SUPREME COURT RULE. I. " The rule for casting interest, when partial payments...is to apply the payment, in the first place, to the disc/large of the interest then due. II. " If the payment exceeds the interest, the surplus goes toward...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 σελίδες
...computation of interest, when partial payments have been made, expressed by Chancellor Kent as follows: The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1850 - 364 σελίδες
...payments, or indorsements,* the rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial...payments have been made, is to apply the payment, in thejlrst place, to the discharge of the interest then due. If the payment exceed the interest, the...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1851 - 280 σελίδες
...states, for computing interest on bonds and notes when partial payments have been endorsed on them : — RULE. " The rule for casting interest, when partial...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The American Arithmetic: In which the Principles of Numbers are Explained ...

James Robinson (Jr.) - 1851 - 336 σελίδες
...States, for computing the interest. It is given in the language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments...discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

North American Arithmetic: part third

Frederick Emerson - 1851 - 342 σελίδες
...computed by the above legal rule. " The rule for casting interest, when partial payments have been mode, 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...




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