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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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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1850 - 364 σελίδες
...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 surplus goes towards discharging the principal, and the subsequent interest...

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

Daniel Leach - 1851 - 280 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...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 356 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 interest, the surplus goes towards discharging the principal, and the subsequent interest...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...— "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...discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest,...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...— "The rule for casting interest, when partial payments have been made, м to apply the payment, in the first place, to the discharge of the interest...payment exceeds the interest, the surplus goes toward diecharging the principal, and the subsequent interest is to be computed on the balance of principal...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 320 σελίδες
...other obligations, where partial payments have been made, is & follows : — RULE. " Apply the payment, in the first place, to the discharge of the interest then due. ~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent interest...

Michigan Reports: Cases Decided in the Supreme Court of Michigan, Τόμος 82

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - 780 σελίδες
...follows: " When partial payments have been made, apply the payment, in the first place, to the discharging 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 Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1853 - 622 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...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 Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 σελίδες
...amounts due on notes on which partial payments have been made, is as follows i "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...

A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 σελίδες
...:) "The rule for casting interest, when partial payments have been made, is to apply the payments, 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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