 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
 | W. F. Walker - Arithmetic - 1841 - 248 pages
...Chancellor Kent, of the state of New- York. According to this decision, the method of casting 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... | |
 | Frederick Emerson - Arithmetic - 1842 - 288 pages
...Reports, in a case decided by chancellor KENT, and here given in the Chancellor's own words, as follows. " 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... | |
 | Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...in the language of Chancellor Kent, as expressed in the New York Chancery Reports : RULE 2. "rfpply 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,... | |
 | James Bates Thomson - Arithmetic - 1846 - 398 pages
...for computing the interest adopted by tlie Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments...place, to the discharge of the interest then due. . II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...following rule, which was given by CHANCKLLOR KENT, in the NewYork Chancery Report : RULE. " The rule fur casting interest, when partial payments have bee.n...place, to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | James Bates Thomson - Arithmetic - 1846 - 336 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for easting interest, when partial payments have been made, is...place, to the discharge of the interest then due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... | |
 | James Bates Thomson - Arithmetic - 1846 - 362 pages
...Supreme Court of the United States, is the following. I. " The rule for casting interest, when partials payments have been made, is to apply the payment,...first place, to the discharge of the interest then dzie. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
 | James Bates Thomson - Arithmetic - 1847 - 424 pages
...for computing the interest adopted by the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments...place, to the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
 | William Vogdes - Arithmetic - 1847 - 256 pages
...Circuit Court Reports, p. 167, and by Chancellor Kent, in Johnson's Chancery Reports, vol. ip 17. KULE. The rule for casting interest, when partial payments...place , to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | James Bates Thomson - Arithmetic - 1847 - 434 pages
...computing the interest adopted by the Supreme Court of the United States, is the following. I. " The ride for casting interest, when partial payments have "been...place, to the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
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