 | New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889 - 484 σελίδες
...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...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,... | |
 | Thomas A. Rice - 1889 - 364 σελίδες
...Mercantile Rule. THE UNITED STATES RULE. 1. Apply the payment first to the discharge of the interest due. 2. If the payment exceeds the interest, the surplus goes...discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. 3. If the payment be less than the 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...the payment exceeds the interest, the surplus goes towards discharging the principal; and the subsequent interest is to be computed on the balance of... | |
 | Henry Stanton Tiffany - 1890 - 96 σελίδες
...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...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | Emerson Elbridge White - 1883 - 370 σελίδες
...UNITED STATES RULE. Tf7ien partial payments have been made, apply the payment, in the ßrst piare, to the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes tolrard discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | 1891 - 1248 σελίδες
...13, "when partial payments have been made, is to apply the payment in the first place to thedischarge of the interest then due. If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | Abraham Clark Freeman - 1891 - 1028 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... | |
 | John Edward King - 1891 - 254 σελίδες
...neither 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
...neither 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... | |
 | Jabez Gridley Sutherland - 1893 - 1132 σελίδες
...payments are made on a money demand after maturity, the payment is applied in the first place to discharge 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... | |
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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... 
