 | Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 536 σελίδες
...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...the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal... | |
 | Richard W. Green - 1840 - 300 σελίδες
...For casting interest, when partial payments have been made. Apply the payment, in the first place, to the discharge of the interest then due. If the...computed on the balance of principal remaining due. But, if the payment be less than the interest, the interest must continue on the former principal,... | |
 | Esek Cowen - 1841 - 698 σελίδες
...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...balance of principal remaining due. If the payment be (o) 7 Wen. 109,112. 11 id. 477. 20 (r) 1 RS 761, §9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2... | |
 | George Roberts Perkins - 1841 - 274 σελίδες
...in the first place, to the discharge of the interest then due. If the payment exceed the in. lerest, the surplus goes towards discharging the principal,...the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal... | |
 | W. F. Walker - 1841 - 246 σελίδες
...According to this decision, the method of casting interest is, to "apply the payment in the first place to the discharge of the interest then due. If the...principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than the interest, the surplus of interest... | |
 | William Ruger - 1841 - 268 σελίδες
...then due. If the payment ejcee-ls the interest, the surplus goes towards discharging the-principal, and the subsequent interest is to be computed on the...the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but interest continues on the former principal... | |
 | Horatio Nelson Robinson - 1845 - 310 σελίδες
...Kent, as expressed in the New York Chancery Reports : RULE 2. "rfpply the payment, in the first place, to the discharge of the interest then due. If the...the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal,... | |
 | George Roberts Perkins - 1846 - 266 σελίδες
...apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging...the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal... | |
 | Isaac A. Clark - 1846 - 218 σελίδες
...SECOND METHOD. The method laid down by CHANCELLOR KENT, is to apply the payment in the first place to the interest then due. If the payment exceeds the...subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus interest must not... | |
 | James Bates Thomson - 1846 - 402 σελίδες
...made, is to apply the payment, in the first place, to the discharge of the interest then due. . II. If the payment exceeds the interest, the surplus goes...computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
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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 the... 
