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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