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" 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... "
The Prussian Calculator: By which All Business Calculations are Performed by ... - Page 40
by Isaac A. Clark - 1846 - 191 pages
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...partial payments hare kern mailf1, is to apply the payment, in the first place, to the dinebarge of the interest then due. If the payment exceeds the...the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...partial payments have iiertj made, is ID apply the payment, in the firct place, to the disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...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 is to be computed on the balance of principal...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1836 - 228 pages
...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 is to be compiled on the balance of principal...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - Law reports, digests, etc - 1837 - 678 pages
...partial payments have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus ¡гоез towards discharging the principal ; and the subsequent interest is to be computed on the...
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Merchants' Magazine and Commercial Review, Volume 27

Commerce - 1852 - 780 pages
...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 toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 9

Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...partial payments have been made, such payments are applied, 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 should be computed on the principal then...
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Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...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 interest is to be computed on the balance of principal...
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Reports of Cases Argued and Determined in the Court of ..., Page 10, Volume 2

Alonzo Christopher Paige - Equity - 1864 - 828 pages
...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 interest is to be computed on the balance of principal...
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Upper Canada Law Journal, Volume 1

Law - 1865 - 358 pages
...17, by Chancellor Kent, as follows : — " Apply the payment in the first placo 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...
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