 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...  Bryant and Stratton's Commercial Arithmetic, in Two Parts: Designed for the ... - Page 139by Emerson Elbridge White, Henry Dwight Stratton, Henry Beadman Bryant, J. B. Meriam - 1869Full view - About this book
 | Nicolas Pike - Arithmetic - 1822 - 536 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance...due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former... | |
 | Nicolas Pike - Arithmetic - 1822 - 562 pages
...when 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... | |
 | 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 computed on the balance of... | |
 | Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment... | |
 | Nicolas Pike - Arithmetic - 1832 - 544 pages
...the State of New- York. " The Rule for casting Interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge...principal remaining due. If the payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues... | |
 | 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...toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than the... | |
 | 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 payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | 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...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | 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 payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | 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 surplus goes toward discharging the principal, nnd the subsequent interest is to be compiled on the balance of principal remaining due. If the payment... | |
| |
