 | Charles W. Langdon - 1870 - 858 σελίδες
...after maturity, the proper method of computing interest, is to apply the payment in the first place to the discharge of the interest then due ; if the...subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not... | |
 | Emerson Elbridge White - 1870 - 350 σελίδες
...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 is to be computed on the balance of principal... | |
 | John Innes Clark Hare - 1871 - 952 σελίδες
...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...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... | |
 | Calvin Townsend - 1871 - 620 σελίδες
...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...computed on the balance of principal remaining due. 3. If the payment be less than the interest, the surplus of interest must not be taken to augment the... | |
 | John Groesbeck - 1871 - 370 σελίδες
...have been made, is to apply the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes...principal, and the subsequent interest is to be computed cm the balance of principal remaining due. III. If the payment be less than the interest, the surplus... | |
 | John Groesbeck - 1872 - 374 σελίδες
...have been made, is to apply the payment, in the first place, to the discharge of the interest 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... | |
 | Shelton Palmer Sanford - 1872 - 404 σελίδες
...discharge of tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining due. III. "If the payment be less than the interest, the surplus of interest... | |
 | T. A. Bryce - 1873 - 370 σελίδες
...obligations, upon wMch partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If 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 of interest must... | |
 | John Groesbeck - 1873 - 376 σελίδες
...have been made, is to apply the payment, in the first place, to the discharge of the interest 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... | |
 | Emerson Elbridge White - 1870 - 348 σελίδες
...the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest...balan.ce of principal remaining due. If the payment lie LESS than tiie interest, tlte surplus of interest must not be taken to augment the principal, but... | |
| |
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... 
