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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
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

Reports of the Tax Court of the United States, Τόμος 2

United States. Tax Court - 1943
...States rule, and was 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 then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Minnesota Reports, Τόμος 63

Minnesota. Supreme Court - 1897
...decision 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...is to apply the payment, in the first place, to the disciiarge of the interest then due. If the payment exceeds the interest, the surplus goes towards...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 320 σελίδες
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " 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 Int., the surplus goes toward discharging the principal, and the subsequent Int. is to...

The Florida Digest Annotated: A Complete Diges of All Florida ..., Τόμος 2

John Wurts, Edward Franklin White - 1921
...Computation in general. (1849). When partial payments are made, the rule with respect to interest, is to apply the payment in the first place to the discharge of the interest due at the time of the payment. If the payment exceeds the interest, the surplus must be applied to...

Wisconsin Reports: Cases Determined in the Supreme Court of Wisconsin, Τόμος 58

Wisconsin. Supreme Court, Abram Daniel Smith, Philip Loring Spooner, Obadiah Milton Conover, Frederic King Conover, Frederick William Arthur, Frederick C. Seibold - 1884
...not mentioned in the memorandum. 5. 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 towards discharging the principal, and the subsequent interest...




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