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" The Rule for casting interest, where 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 toward discharging the principal, and the... "
The Prussian Calculator: By which All Business Calculations are Performed by ... - Σελίδα 38
των Isaac A. Clark - 1846 - 191 σελίδες
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New Practical Arithmetic

Eugene L. Dubbs - 1901 - 440 σελίδες
...RULE 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 is to be computed on the balance of principal...

The Commercial Year Book, Τόμος 6

1901
...\Vhen partial payments have been made, apply the payment, in the Hrst place. to the discharging of the interest then due. If the payment exceeds the interest, the surplus goe* towards discharging the principal, and the subsequent interest is to be computed on the balance...

Ray's Modern Practical Arithmetic: A Revised Edition of Ray's Practical ...

Joseph Ray - 1903 - 320 σελίδες
..." 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 is to be computed on the balance of principal...

The American State Reports: Containing the Cases of General Value ..., Τόμος 96

Abraham Clark Freeman - 1903
...partial payments have been made, is to apply the payment, in the first place, to the discharge of tho interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...

The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 800 σελίδες
..."when partial payments have been made, the payment is to apply in the first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward the discharge of the principal, and the subsequent interest is to be computed on the balance...

Reports of Cases Decided in the Supreme Court of the State of Oregon, Τόμος 82

Oregon. Supreme Court, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, William Wallace Thayer, Frank A. Turner, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Bellinger, Charles Byron - 1917
...where 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 toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...

The Northwestern Reporter, Τόμος 171

1919
...rule is generally applied. That rule 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 toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...

Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Τόμος 3

1919
...where 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 toward discharging the principal, and the subsequent interest is to be computed on a balance of principal...

Reports of Cases Decided in the Supreme Court of the State of ..., Τόμος 41

North Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - 1921
...rule is generally applied. That rule 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 toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...




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