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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