 | John Groesbeck - Arithmetic - 1867 - 226 pages
...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... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1868 - 622 pages
...them. In Wasson v. Gould, 3 Blackf. 18, the rule of computing interest in such cases is stated to be, " to apply the payment, in the first place, to the discharge...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus... | |
 | 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...the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to be computed... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...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
...bearing 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...principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of... | |
 | 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...the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | 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...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of... | |
 | 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 - Business mathematics - 1871 - 370 pages
...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... | |
 | John Groesbeck - 1872 - 374 pages
...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... | |
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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 the... 
