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
| George Roberts Perkins - Arithmetic - 1850 - 372 pages
...or indorsements,* the rule adopted by the Supreme Court of the United States is as follows : RULE. " **The rule for casting interest, when partial payments have been made, is to apply the payment, in** thejlrst place, to the discharge of the interest then due. If the payment exceed the interest, the... | |
| James Robinson (Jr.) - Arithmetic - 1851 - 336 pages
...States, for computing the interest. It is given in the language of Chancellor Kent, of New York. " **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... | |
| George Roberts Perkins - Arithmetic - 1851 - 356 pages
...or 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, the surplus goes towards discharging the principal, and the subsequent... | |
| Daniel Leach - Arithmetic - 1851 - 280 pages
...computing interest on bonds and notes when partial payments have been endorsed on them : — RULE. " **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... | |
| Frederick Emerson - Arithmetic - 1851 - 342 pages
...computed by the above legal rule. " The rule for casting interest, when partial payments have been mode, **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... | |
| Commerce - 1852 - 780 pages
...stated by Chancellor Kent, in the case of The State of Connecticut v. Jackson, in which he says : — **"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 toward discharging the principal, and the subsequent... | |
| Commerce - 1852 - 780 pages
...Jackson, in which he says : — "The rule for casting interest, when partial payments have been made, м **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 toward diecharging the principal, and the subsequent... | |
| John Fair Stoddard - Arithmetic - 1852 - 324 pages
...on notes, and other obligations, where partial payments have been made, is & follows : — RULE. " **Apply the payment, in the first place, to the discharge of the interest then due.** ~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent... | |
| Daniel Leach - Arithmetic - 1853 - 626 pages
...computing interest on bonds and notes when partial payments have been endorsed on them : — RULE. " **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... | |
| Charles D. Lawrence - Arithmetic - 1854 - 336 pages
...States for finding the amounts due on notes on which partial payments have been made, is as follows i **"Apply the payment. in the 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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