 | Joseph Ray - Arithmetic - 1857 - 348 pages
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge...the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed... | |
 | Silas Lawrence Loomis - Arithmetic - 1859 - 324 pages
...OF THE STATES GENERALLY. I. " 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." II. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...Minor, 3 Cal., 231, as follows: The rule for casting interest where partial payments have been made, is, to apply the payment in the first place to the...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of the... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...intercut. — In computing interest, where partial payments have been made, such payments are applied, in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest should be computed on the principal then... | |
 | Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...United States has decided that, I. ''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. II. " If the payment exceeds the interest the surplus goes towards discharging the principal, and the... | |
 | James Bates Thomson - Arithmetic - 1860 - 440 pages
...States, is the following. I. " 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. II. " If tJte payment exceeds Ike interest, the surplus goes towards discharging the principal, and... | |
 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...Supreme Court of the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. Apply the payment in the first place to the discharge...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... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...Johns. 42. The rule for casting interest, when partial payment* have been made, is to apply the payments in the first place to the discharge of the interest...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... | |
 | George Roberts Perkins - Arithmetic - 1865 - 360 pages
...States is as follows : > RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | Law - 1865 - 358 pages
...Johnson, 1 Johns. Ch. R. 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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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. 
