 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...  Stoddard's Practical Arithmetic - Page 192by John Fair Stoddard - 1852 - 299 pagesFull view - About this book
 | Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 572 pages
...Chancellor Kent ; — " 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 subsequent interest... | |
 | Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 536 pages
...Chancellor Kent ; — " 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 subsequent interest... | |
 | Frederick Emerson - Arithmetic - 1839 - 300 pages
...own words, as follows. " The rule for casting inter eft, 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 subsequent interest... | |
 | Frederick Emerson - Arithmetic - 1839 - 300 pages
...rule for casting intereft, when partial payments have been made, is to apply the payment, in the Jin,t 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... | |
 | George Roberts Perkins - Arithmetic - 1841 - 274 pages
...Chancery Reports: 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 in. lerest, the surplus goes towards discharging the principal, and the subsequent interest is to be... | |
 | Esek Cowen - Justices of the peace - 1841 - 698 pages
...same words. ' The rule' (says he) ' 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 subsequent interest... | |
 | W. F. Walker - Arithmetic - 1841 - 246 pages
...Kent, of the state of New- York. According to this decision, the method of casting interest 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 subsequent interest... | |
 | 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... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...Chancery Report : RULE. " The rule fur casting interest, when partial payments have bee.n made., is to apply the payment, in the first place, to the discharge...due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance... | |
 | James Bates Thomson - Arithmetic - 1846 - 402 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 the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
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