 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...  Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...Per cent. divide by 8 15 Per cent. divide by 24 18 Per cent, divide by 2 20 Per cent. divide by 18 The rule for casting interest, when partial payments...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... | |
 | 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... | |
 | Law reports, digests, etc - 1891 - 1248 pages
...principal. "The rule for 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... | |
 | 1893 - 252 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. EXAMPLES. 472. Find the amount... | |
 | Leonard Augustus Jones - Mortgages - 1894 - 1000 pages
...amount to the time of rendering the decree.6 The rule for computing interest when a partial payment has been made is to apply the payment in the first place to the interest then due. This is sometimes called the Massachusetts or the United States rule, and was laid... | |
 | Horatio Nelson Robinson - Arithmetic - 1895 - 526 pages
...interest when partial payments have been made, the Supreme Court of the United States has decided that : " The rule for casting interest when partial payments...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... | |
 | Law reports, digests, etc - 1896 - 1182 pages
...opinion of Chancellor Kent In the case of Connecticut v. Jackson, 1 Johns. Ch. 13, and Is as follows: "The rule for casting interest when partial payments...first place to the discharge of the interest then due. If the payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | James Schouler - Personal property - 1896 - 848 pages
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and... | |
| |
