 | Joseph Ray - Arithmetic - 1857 - 358 pages
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " 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... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...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, in 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... | |
 | 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...discharge of the interest then due ; if the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | 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 of the interest then due. If the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest... | |
 | 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...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | John Groesbeck - Business mathematics - 1871 - 370 pages
...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, in 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
...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, in 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
...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
...United States, for casting interest upon bonds, notes, or other obligations, upon wMch partial payments have been made, is to apply the payment, in the first...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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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... 
