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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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A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - 1870 - 350 σελίδες
...Court of the United States, is called the 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 Crittendon Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1871 - 370 σελίδες
...Massachusetts, and most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

American Leading Cases: Being Select Decisions of American Courts ..., Τόμος 1

John Innes Clark Hare - 1871 - 952 σελίδες
...payments have been made," said Chancellor Kent, in Connecticut v. Jackson, I Johnson's Chancery, 13, 17, " 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 subsequent interest...

A Compendium of Commercial Law: Analytically and Topically Arranged, with ...

Calvin Townsend - 1871 - 620 σελίδες
...Chancellor Kent, of New York, they are thus in that State : 1. When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. 2. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...

Crittenden Commercial Arithmetic ...

John Groesbeck - 1872 - 374 σελίδες
...Massachusetts, and most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

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...




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