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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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The Northwestern Reporter, Τόμος 65

1896
...opinion of Chancellor Kent In the case of Connecticut v. Jackson, 1 Johns. Ch. 13, and Is as follows: "The rule for casting interest when partial payments...to the discharge of the interest then due. If the payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent...

Higher Book

William Seneca Sutton - 1896
...the amount then paid. 264. The following, in the words of its author, is the UNITED STATES BULE. 1. " The rule for casting interest when partial payments...place, to the discharge of the interest then due. 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and...

A Treatise on the Law of Personal Property, Τόμος 1

James Schouler - 1896
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and compute the subsequent...

The American State Reports: Containing the Cases of General Value ..., Τόμος 56

Abraham Clark Freeman - 1897
...Chancellor Kent in the case of Connecticut v. Jackson, 1 Johns. Ch. 13, 7 Am. Dec. 471, and is as follows: "The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

The American State Reports: Containing the Cases of General Value ..., Τόμος 56

Abraham Clark Freeman - 1897
...for computing interest. Hence, when partial payments have Ijeen made, the rule for casting interest 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...

New Practical Arithmetic

Eugene L. Dubbs - 1901 - 440 σελίδες
...and by almost all the states of the Union. UNITED STATES 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...

The New Advanced Arithmetic

John Williston Cook, Nebraska C. Cropsey - 1903 - 327 σελίδες
...any time of notes upon which partial payments have been made. It is called THE UNITED STATES RULE. 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 toward discharging the principal, and the...

Arithmetic for High Schools, Academies, and Normal Schools

Oscar Lynn Kelso - 1903 - 274 σελίδες
...Reports, p. 209. The language of Chancellor Kent is as follows : " The rule for casting interest where 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 American State Reports: Containing the Cases of General Value ..., Τόμος 96

Abraham Clark Freeman - 1903
...Interest.— As to the method of computing interest, it is stated by Chancellor Kent to be as follows: "The rule for casting interest when partial payments...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...

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

Abraham Clark Freeman - 1903
...Chancellor Kent to be as follows: "The rule for casting interest when partial payments have been made, U 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...




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