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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... "
Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ... - Σελίδα 221
των James Bates Thomson - 1846 - 336 σελίδες
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - 1849 - 346 σελίδες
...rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial payments have been made, is...place, to the discharge of the interest then due^- If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1849 - 356 σελίδες
...which was given by CHANCELLOR KENT, in the New York Chancery Reports: RULE. " The Rule for casting interest, when partial payments have been made, is...first place to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent...

Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 320 σελίδες
...the Union, among which are Massachusetts and New York: SUPREME COURT RULE. I. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the disc/large of the interest then due. II. " If the payment exceeds the interest, the surplus goes toward...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 σελίδες
...when partial payments have been made, expressed by Chancellor Kent as follows: The rule for casting interest, when partial payments have been made, is...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...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1850 - 356 σελίδες
...which was given by CHANCELLOR KENT, in the New York Chancery Reports : RULE. " The Rule for casting interest, when partial payments have been made, is...first place to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1850 - 364 σελίδες
...rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial payments have been made, is to apply the payment, in thejlrst place, to the discharge of the interest then due. If the payment exceed the interest, the...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1851 - 280 σελίδες
...bonds and notes when partial payments have been endorsed on them : — RULE. " The rule for casting interest, when partial payments have been made, is...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...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 356 σελίδες
...rule adopted by the Supreme Court of the United States is as follows: RULE. " The rule for casting interest, when partial payments have been made, is...place, to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent...

The American Arithmetic: In which the Principles of Numbers are Explained ...

James Robinson (Jr.) - 1851 - 336 σελίδες
...computing the interest. It is given in the language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments have been made, is...place, to the discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...

North American Arithmetic: part third

Frederick Emerson - 1851 - 342 σελίδες
...computed by the above legal rule. " The rule for casting interest, when partial payments have been mode, 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...




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