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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 134
των George Roberts Perkins - 1849 - 342 σελίδες
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Common School Arithmetic on the Analytic System: With an Appendix of the ...

Shelton Palmer Sanford - 1872 - 404 σελίδες
...adopted a method founded on a decision of tha Supreme Court of the United States. UNITED STATES RULE. I. "The rule for casting interest when partial payments...the payment, in the first place, to the discharge of tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging...

The American Commercial Arithmetic: For the Use of the Grand Rapids Business ...

T. A. Bryce - 1873 - 370 σελίδες
...Court of the United States, for casting interest upon bonds, notes, or other obligations, upon wMch partial payments have been made, is to apply the payment,...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The Principles of Arithmetic ...

Joseph Ray - 1856 - 400 σελίδες
...balance due on settlement is found by the/ US RULE FOR/PARTIAL PAYMENTS. "Apply the payment, in fhe first place, to the discharge of the interest then due; if the payment EXCEEDS '"the Merest, the surplus 'goes toward dischdg'ging the principal, and the subsequent interest...

Reports of Cases Adjudged in the Court of Chancery of New-York, Τόμοι 1-7

William Johnson - 1873 - 550 σελίδες
...Rom. lib. 22. tit. 1. 6.) The rule for casting interest, when partial payments have Rule for castbeen made, is to apply the payment, in the first place, to the ™Jj[e,e ""artial discharge of the interest then due. If the payment exceeds payments are the interest,...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 468 σελίδες
...where partial payments have been made, the Supreme Court of the United States has decided that, 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 towards dischargibg the principal, and the...

Digest of the Decisions of the Supreme Court of Iowa: From the ..., Τόμος 2

Thomas Foster Withrow, Edward Holcomb Stiles - 1875 - 722 σελίδες
...Gr. 76. 8. In computing interest, when partial payments have been made, such payments are applied, 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...

Tiffany's Special Agent's and Adjusters' Assistant: Containing Numerous ...

Henry Stanton Tiffany - 1887 - 466 σελίδες
...Per cent, divide by 3 15 Per cent, divide by 24 18 Per cent, divide by 2 20 Per cent, divide by 18 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...

Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - 1877 - 402 σελίδες
...United States, in reference to Partial Payments, is as follows: " 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...

Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic

Joseph Ray - 1880 - 420 σελίδες
...exceptions, by the several states of the Union, and is known as the "United States Rule:" US Rule. — 1. " The rule for casting interest when partial payments...the first place, to the discharge of the interest due. 2. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic

Joseph Ray - 1880 - 420 σελίδες
...exceptions, by the several states of the Union, and is known as the "United States Rule:" US Kule. — 1. " The rule for casting interest when partial payments have been made, is to apply Hie payment, in tiw first place, to the discharge of the interest due. 2. "If the payment exceeds the...




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