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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 the... "
Reports of Cases in Law and Equity, Determined in the Supreme Court of the ... - Σελίδα 376
των Iowa. Supreme Court - 1860
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A Treatise on the Civil Jurisdiction of Justices of the Peace in ..., Μέρος 2

Esek Cowen - 1841 - 698 σελίδες
...rule' (says he) ' for casting interest, when 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 towards discharging the principal, and the subsequent interest is to be computed on the balance of...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - 1841 - 274 σελίδες
...RULE. " 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 in. lerest, the surplus goes towards discharging the principal, and the subsequent interest...

A Treatise on the Law of Usury ; to which are Added, the Statutes of the ...

Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...casting interest, when partial payments have been paid, 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 goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

A New Practical and Theoretical Arithmetic: In which in Addition to the ...

Horatio Nelson Robinson - 1845 - 310 σελίδες
...language of Chancellor Kent, as expressed in the New York Chancery Reports : RULE 2. "rfpply the payment, 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...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1846 - 318 σελίδες
...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 payment exceeds the interest, the surplus^goes towards discharging the principal, and the subsequent interest is to be computed on the...

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

George Roberts Perkins - 1846 - 266 σελίδες
...RULE. " The rule fur casting interest, when partial payments have bee.n 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 towards discharging the principal, and the subsequent interest...

The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - 1846 - 218 σελίδες
...SECOND METHOD. The method laid down by CHANCELLOR KENT, is to apply the payment in the first place to the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1846 - 402 σελίδες
...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 towards discharging the principal, and...

Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1846 - 354 σελίδες
...I. " The rule for easting 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 towards discharging the principal, and the...

The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 σελίδες
...York. " The rule for casting interest, when partial payments haee 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 towards discharging the principal, and the subsequent interest is to be computed on the balance of...




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