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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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How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ...

D. M. Garrett - 1886 - 200 σελίδες
...problem under these rules, and the pupil can see the difference readily. The United States Eule. I. — The rule for casting interest when partial payments...place, to the discharge of the interest then due. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,...

The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 404 σελίδες
...Indorsement. The interest upon such notes is computed by the United States Rule. The rule for easting interest when partial payments have been made is to...the first place, to the discharge of the interest due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the...

City Court Reports: Containing Decisions of the Marine Court of the ..., Τόμος 2

New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889
...376). The rule 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 toward discharging the principal, and the subsequent interest...

Tiffany's Digest of Depreciations, with the Addition of Numerous Tables ...

Henry Stanton Tiffany - 1890 - 76 σελίδες
...Per cent. divide by 8 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...

Rights, Remedies, and Practice, at Law, in Equity, and Under the ..., Τόμος 5

John Davison Lawson - 1890
...held the rule for casting interest, when partial payments have been made, to be, to apply the payments 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...

The Pacific Reporter, Τόμος 25

1891
...principal. "The rule for canting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 13, "when partial payments have been made, is to apply the payment in the first place to thedischarge of the interest then due. If the payment exceeds the interest, the surplus goes towads...

Business Arithmetic

John Edward King - 1891 - 224 σελίδες
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. 472. Find the amount due...

A Business Arithmetic

1893
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. EXAMPLES. 472. Find the amount...

A Treatise on the Law of Mortgages of Real Property, Τόμος 1

Leonard Augustus Jones - 1894
...amount to the time of rendering the decree.6 The rule for computing interest when a partial payment has been made is to apply the payment in the first place to the interest then due. This is sometimes called the Massachusetts or the United States rule, and was laid...

Robinson's New Higher Arithmetic: For High Schools, Academies, and ...

Horatio Nelson Robinson - 1895 - 506 σελίδες
...interest when partial payments have been made, the Supreme Court of the United States has decided that : " 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...




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