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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 the... "
Practical Arithmetic, by Induction and Analysis - Page 221
by Joseph Ray - 1857 - 336 pages
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volume 7

New York (State). Court of Chancery, William Johnson - Equity - 1824 - 748 pages
...casting interest, when 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 goes towards discharging the principal ; and the subsequent interest is to be...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

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...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

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...the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest is to be computed...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

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...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...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - Arithmetic - 1834 - 312 pages
...Kent: Ses Johnson's Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part payments have been made, apply the payment in the...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

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...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

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...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

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...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...
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Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

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...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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The Common School Arithmetic ...: To which is Added a Dictionary of ...

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...the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...
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