 | Law reports, digests, etc - 1917 - 1232 pages
...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 is to ing due. If the payment is less than the interest, the surplus of interest must not be taken to augment... | |
 | D. M. Garrett - Arithmetic - 1886 - 210 pages
...difference readily. 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 then due. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
 | D. M. Garret - Arithmetic - 1886 - 202 pages
...difference readily. The United States Eule. 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. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...such notes is computed by the United States Rule. The rule for easting interest when partial payments have been made is to apply the payment, in the first place, to the discharge of the interest due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...Per cent, divide by 2 20 Per cent. divide by 18 The rule for casting interest, when 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... | |
 | John Davison Lawson - Actions and defenses - 1890 - 944 pages
...held the rule for casting interest, when partial payments have been made, to be, 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... | |
 | Law reports, digests, etc - 1891 - 1266 pages
..."When partial payments have been made, apply the í ayrnent, in the first place, to the discharging of the Interest then due. If the payment exceed» the interest, the surplus jjoes towards discharging the principal, and the subséquent interest ia to be computed on the balance... | |
 | Law reports, digests, etc - 1891 - 1248 pages
...canting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 13, "when partial payments have been made, is to apply the payment in the first place to thedischarge of the interest then due. If the payment exceeds the interest, the surplus goes towads... | |
 | John Edward King - Business mathematics - 1891 - 254 pages
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. 472. Find the amount due... | |
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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... 
