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
| James Robinson (of Boston.) - 1847 - 304 pages
...language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments haee 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... | |
| James Bates Thomson - Arithmetic - 1848 - 434 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... | |
| James Bates Thomson - Arithmetic - 1848 - 432 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for catting 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... | |
| Florida. Supreme Court - Law reports, digests, etc - 1848 - 786 pages
...rs. ORLOFF M. DORMAN, APPELLEE. When partial payments are made, the rule, with respect to interest, is to apply the payment in the first place to the discharge of the interest due at the time of payment. If the payment exceeds the interest, the surplus must be applied to the... | |
| George Roberts Perkins - Arithmetic - 1849 - 346 pages
...indorsements,• the rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial payments...place, to the discharge of the interest then due^- If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent... | |
| Thomas Rainey - Arithmetic - 1849 - 334 pages
...most of the States of the Union, among which are Massachusetts and New York: SUPREME COURT RULE. 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 toward discharging the principal ; and the... | |
| George Roberts Perkins - Arithmetic - 1849 - 356 pages
...use the following Rule, which was given by CHANCELLOR KENT, in the New York Chancery Reports: RULE. " The Rule for casting interest, when partial payments...first 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... | |
| Thomas Rainey - Arithmetic - 1849 - 320 pages
...most of the States of the Union, among which are Massachusetts and New York: SUPREME COURT RULE. I. " The rule for casting interest, when partial payments...is to apply the payment, in the first place, to the disc/large of the interest then due. II. " If the payment exceeds the interest, the surplus goes toward... | |
| Benjamin Naylor - 1850 - 334 pages
...computation of interest, when partial payments have been made, expressed by Chancellor Kent as follows: The rule for casting interest, when partial payments...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... | |
| George Roberts Perkins - Arithmetic - 1850 - 356 pages
...the following Rule, which was given by CHANCELLOR KENT, in the New York Chancery Reports : RULE. " The Rule for casting interest, when partial payments...first 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... | |
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