 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...Supreme Court of the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. 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... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 808 pages
...stating the time for which the rate is to be computed, a year is intended. 1 Rev. Stai., 773, § 10. 137. The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 pages
...Vt., 26 ; Robinson t>. Doolittle, 12 Id., 246 ; HUlyerz.Vaughau, 1 /. J. ManA., 68*. terest, the rule 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... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...Johns. 42. The rule for casting interest, when partial payment* 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 toward discharging the principal, and the subsequent interest... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...fifty or more cents, and to disregard the cents when there are less than fifty. Partial Payments. — The rule for casting interest when partial payments...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 - Arithmetic - 1867 - 226 pages
...Massachusetts. and most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments...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 - Arithmetic - 1868 - 350 pages
...Massachusetts, and most of the other States of the Union, and is called THE UNITED STATES RULE. I. The rule for casting interest when partial payments...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 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 - 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... | |
 | 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... | |
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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... 
