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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... "
Reports of Cases Adjudged in the Court of Chancery of New-York: Containing ... - Σελίδα 144
των New York (State). Court of Chancery, William Johnson - 1824
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1846 - 354 σελίδες
...been 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...

Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1846 - 362 σελίδες
...made, is to apply the payment, in the first place, to the discharge of the interest then dzie. 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...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1846 - 318 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 payment exceeds the interest, the surplus^goes towards discharging the principal, and the subsequent interest is to be computed on the...

The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 σελίδες
...casting interest, when partial payments haee 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...

Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - 1847 - 426 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...

The United States Arithmetic: Designed for Academies and Schools

William Vogdes - 1847 - 324 σελίδες
...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...computed on the balance of principal remaining due. when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards...

Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - 1847 - 432 σελίδες
...interest then due. II. " If the payment exceeds the interest, the surplus goes towards discliarging tlie principal, and the subsequent interest is to be 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...

Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - 1848 - 434 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...

Cases Argued and Adjudged in the Supreme Court of Florida, Τόμος 2

Florida. Supreme Court - 1848 - 786 σελίδες
...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 interst, the surplus goes toward discharging the principal ; and the subsequent interest is to be computed...

An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - 1849 - 346 σελίδες
...the first place, to the discharge of the interest then due^- If the payment exceed the interest, tht surplus goes towards discharging the principal, and...balance of principal remaining due. If the payment le less than the interest, the surplus of interest must not be taken to augment the principal ; but...




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