 | Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...Court of the United States, is called the UNITED STATES RULE. When partial payments have been made, apply the payment, in the first place, to the discharge...the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment... | |
 | Charles W. Langdon - Constables - 1870 - 858 pages
...interest, on which have been made partial payments after maturity, the proper method of computing interest, is to apply the payment in the first place to the...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 Innes Clark Hare - Civil procedure - 1871 - 952 pages
...payments have been made," said Chancellor Kent, in Connecticut v. Jackson, I Johnson's Chancery, 13, 17, " is to apply the payment, in the first place, to the...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 Groesbeck - Business mathematics - 1871 - 370 pages
...other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments have been made, is to apply the payment,...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
 | Calvin Townsend - Commercial law - 1871 - 620 pages
...Chancellor Kent, of New York, they are thus in that State : 1. When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. 2. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... | |
 | John Groesbeck - 1872 - 374 pages
...other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments have been made, is to apply the payment,...the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
 | Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...tha Supreme Court of the United States. UNITED STATES RULE. 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 tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging... | |
 | T. A. Bryce - Business mathematics - 1873 - 370 pages
...Court of the United States, for casting interest upon bonds, notes, or other obligations, upon wMch partial payments have been made, is to apply the payment,...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | Joseph Ray - 1856 - 400 pages
...balance due on settlement is found by the/ US RULE FOR/PARTIAL PAYMENTS. "Apply the payment, in fhe first place, to the discharge of the interest then due; if the payment EXCEEDS '"the Merest, the surplus 'goes toward dischdg'ging the principal, and the subsequent interest is to be computed... | |
 | William Johnson - Equity - 1873 - 550 pages
...Rom. lib. 22. tit. 1. 6.) The rule for casting interest, when partial payments have Rule for castbeen made, is to apply the payment, in the first place, to the ™Jj[e,e ""artial discharge of the interest then due. If the payment exceeds payments are the interest,... | |
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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... 
