 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
 | Noble Heath - 1855 - 468 pages
...:) "The rule for casting interest, when partial payments have been made, is to apply the payments, 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... | |
 | John Fair Stoddard - Arithmetic - 1856 - 312 pages
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge...interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest is to be computed on... | |
 | James Robinson - Accounting - 1856 - 108 pages
...of New York. " The rule for computing interest on notes, 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... | |
 | Noble Heath - Arithmetic - 1856 - 472 pages
...•' The rule for casting interest, when partial payments have been wade, is to apply the payments, 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... | |
 | 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 of the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to... | |
 | Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...by 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... | |
 | Silas Lawrence Loomis - Arithmetic - 1859 - 324 pages
...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... | |
 | James De Fremery - Mortgages - 1860 - 118 pages
...may be here stated that 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 then due; if the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...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 discharge of the interest then due ; if the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest... | |
 | 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... | |
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