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 221by Joseph Ray - 1857 - 336 pagesFull view - About this book
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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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