 | George Roberts Perkins - Arithmetic - 1851 - 356 pages
...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... | |
 | Commerce - 1852 - 780 pages
...— "The rule for casting interest, when partial payments have been made, м to apply the payment, in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes toward diecharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | John Fair Stoddard - Arithmetic - 1852 - 320 pages
...other obligations, where partial payments have been made, is & follows : — RULE. " Apply the payment, in the first place, to the discharge of the interest then due. ~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent interest... | |
 | Charles D. Lawrence - Arithmetic - 1854 - 336 pages
...amounts due on notes on which partial payments have been made, is as follows i "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... | |
 | George Roberts Perkins - Arithmetic - 1855 - 388 pages
...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... | |
 | John Fair Stoddard - Arithmetic - 1856 - 312 pages
...other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest... | |
 | Joseph Ray - Arithmetic - 1857 - 348 pages
...regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge of 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
...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... | |
 | 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... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...follows: 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...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... | |
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If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest... 
