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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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Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 348 σελίδες
...Supreme Court of the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. 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...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 σελίδες
...the rate is to be computed, a year is intended. 1 Rev. Stai., 773, § 10. 137. 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...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 1

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 790 σελίδες
...Vt., 26 ; Robinson t>. Doolittle, 12 Id., 246 ; HUlyerz.Vaughau, 1 /. J. ManA., 68*. terest, the rule 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...

Reports of Cases Argued and Determined in the Court of ..., Σελίδα 10,Τόμος 2

Alonzo Christopher Paige - 1864 - 828 σελίδες
...Johns. 42. The rule for casting interest, when partial payment* have been made, is to apply the payments 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...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1865 - 360 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...

Clerks' and Conveyancers' Assistant: A Collection of Forms of Conveyancing ...

Benjamin Vaughan Abbott, Austin Abbott - 1866 - 758 σελίδες
...and to disregard the cents when there are less than fifty. Partial Payments. — 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...

The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1867 - 226 σελίδες
...most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments have been made, is...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1868 - 350 σελίδες
...most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments have been made, is...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 28

Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - 1868 - 622 σελίδες
...them. In Wasson v. Gould, 3 Blackf. 18, the rule of computing interest in such cases is stated to be, " 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...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 358 σελίδες
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " 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 Int., the surplus goes toward discharging the principal, and the subsequent...




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