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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... "
Higher Book - Page 192
by William Seneca Sutton - 1896
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 302 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...
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 422 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...
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Higher Arithmetic, Or, The Science and Application of Numbers: Combining the ...

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...
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Cases Argued and Adjudged in the Supreme Court of Florida, Volume 2

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...
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 347 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...
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

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...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

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...
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

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...
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The Speedy Calculator: Being a System of Arithmetic

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...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1850 - 358 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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