 | George Roberts Perkins - Arithmetic - 1850 - 356 pages
...interest continues on the former principal until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to...the principal , and interest is to be computed on tilt balance, as aforesaid." UTICA, May 16, 1839. 1. For value received, I promise to pay AB, or order,... | |
 | James Robinson (Jr.) - Arithmetic - 1851 - 336 pages
...interest. It is given in the language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments have been made, is to apply...interest is to be computed on the balance, as aforesaid." 83. $1250.00. Boston, January 1st, 1846. For value received, I promise to pay William Briggs, or order,... | |
 | Daniel Leach - Arithmetic - 1851 - 280 pages
...on the balance of principal remaining due. " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...interest is to be computed on the balance, as aforesaid" PROVIDENCE, April 12, 1840. 75. For value received, I promise to pay to James Fenner, or order, four... | |
 | George Roberts Perkins - Arithmetic - 1851 - 356 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not IK; taken to augment the principal; but interest continues...to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* ehusetts, and by nearly all the other states of the... | |
 | Commerce - 1852 - 780 pages
...of the interest then due. If the payment exceeds the interest, the surplus goes toward diecharging the principal, and the subsequent interest is to be...principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from... | |
 | Commerce - 1852 - 780 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues...principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1891 - 780 pages
...less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the...interest is to be computed on the balance as aforesaid." This rule was adopted by this Court in Payne v. Avery, 21 Mich. 524, and is the rule recognized in... | |
 | John Fair Stoddard - Arithmetic - 1852 - 320 pages
...principal until the period when the payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal...interest is to be computed on the balance, as aforesaid." I840- , ELLENVILLE, Sept. 8th, 1848. [1.] On demand, I promise to pay Thomas Trumble, 01 bearer, eight... | |
 | Daniel Leach - Arithmetic - 1853 - 622 pages
...on the balance of principal remaining due. " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...interest is to be computed on the balance, as aforesaid." PROVIDENCE, April 12, 1840. 75. For value received, I promise to pay to James Fenner, or order, four... | |
 | Charles D. Lawrence - Arithmetic - 1854 - 336 pages
..."Apply the payment. in the first place, to the discharge of the interest then due. If the payment exceed the interest. the surplus goes towards discharging...towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New York, 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... 
