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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... "
An Elementary Arithmetic: Designed for Academies and Schools : Also, Serving ... - Page 161
by George Roberts Perkins - 1846 - 258 pages
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The North American Arithmetic: for advanced scholars. Part third

Frederick Emerson - Arithmetic - 1842 - 296 pages
...decided by chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments have been...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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A New Practical and Theoretical Arithmetic: In which in Addition to the ...

Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...in the language of Chancellor Kent, as expressed in the New York Chancery Reports : RULE 2. "rfpply 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 subsequent, interest...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 402 pages
...the interest adopted by tlie Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments have been...place, to the discharge of the interest then due. . II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 354 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for easting interest, when partial payments have been made, is...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...
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Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 362 pages
...Supreme Court of the United States, is the following. I. " The rule for casting interest, when partials payments have been made, is to apply the payment,...first place, to the discharge of the interest then dzie. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal,...
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Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - Arithmetic - 1847 - 426 pages
...the interest adopted by the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments have been...place, to the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 pages
...language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments haee been made, is to apply the payment, in the first place,...discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 434 pages
...the interest adopted by the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments have been...place, to the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and...
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Higher Arithmetic, Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 432 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for catting interest, when partial payments have been made, is...place, to the discharge of the interest then due. , II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and...
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Cases Argued and Adjudged in the Supreme Court of Florida, Volume 2

Florida. Supreme Court - Law reports, digests, etc - 1848 - 786 pages
...rs. ORLOFF M. DORMAN, APPELLEE. When partial payments are made, the rule, with respect to interest, is to apply the payment in the first place to the discharge of the interest due at the time of payment. If the payment exceeds the interest, the surplus must be applied to the...
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