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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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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...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 368 σελίδες
...Supreme Court of the United States, is called the UNITED STATES RULE. 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 Northwestern Reporter, Τόμος 15

1883 - 994 σελίδες
...rule for computing interest as follows: "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...

The Pacific Reporter, Τόμος 165

1917 - 1232 σελίδες
...Ed. 200, the rule for casting interest in this country when partial payments are made 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 towards discharging the principal, and the subsequent interest...

The Pacific Reporter, Τόμος 25

1891 - 1158 σελίδες
...principal. "The rule for casting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 13, "when partial payments have been made, is to apply...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent interest...

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

D. M. Garret - 1886 - 202 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,...

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

D. M. Garrett - 1886 - 210 σελίδες
...problem under these rules, and the pupil can see the difference readily. The United States Rule. 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 - 454 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...




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