 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...  Stoddard's Practical Arithmetic - Page 192by John Fair Stoddard - 1852 - 299 pagesFull view - About this book
 | William Ruger - Arithmetic - 1832 - 282 pages
...New York : RULE I. — "The Rule for casting Interest, where 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... | |
 | Nicolas Pike - Arithmetic - 1832 - 540 pages
...the Slate of New- York. " The Ruin for casting Interest, when partial payments have been made, is to apply the payment, in the first place, to the discha.rge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...the State of New York. "The Rule for casting interest, where 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 toward discharging the principal, and the subsequent interest... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part 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 towards discharging the principal, and the subsequent interest... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...own words, as follows. " 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 subsequent interest... | |
 | George Willson - Arithmetic - 1836 - 202 pages
...Kent, of the state of New-York. 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 payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...the State of New York. "The Rule for casting interest, where 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 toward discharging the principal, nnd the subsequent interest... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...Kent on this subject: — "The rule for casting interest, where 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... | |
 | Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...New York: RULE : — " The Rule for casting Interest, where 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... | |
 | George Willson - Arithmetic - 1838 - 194 pages
...Kent, of the state of New- York. 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 payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
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