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 - 1855 - 382 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, the surplus goes towards discharging the principal, and the subsequent... | |
| Noble Heath - Arithmetic - 1846-1880 - 1855 - 468 pages
...following is the legal one, as stated in the NY Chancery Reports, (see Emerson's Third Part, page 104 :) **"The rule for casting interest, when partial payments have been made, is to apply the** payments, in the first place, to the discharge of the interest then due. If the payment exceeds the... | |
| James Bates Thomson - Arithmetic - 1855 - 436 pages
...United States, is the following. ' L " The rule for casting interest, when partial payments have teen **made, is to apply the payment, in the first place, to the** dis • charge of the interest then due. ' If. " If the payment exceeds the interest, the surplus goes... | |
| James Robinson - Accounting - 1856 - 108 pages
...is given in the language of Chancellor Kent of New York. " The rule for computing interest on notes, **when partial payments have been made, is to apply...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 - 1834 - 346 pages
...given in the Chancellor's own words, as follows. " The rule for casting interest, when partial paymenti **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 the subsequent... | |
| John Fair Stoddard - Arithmetic - 1856 - 312 pages
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " **Apply the payment, in the first 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... | |
| Noble Heath - Arithmetic - 1856 - 472 pages
...•' The rule for casting interest, when partial payments have been wade, is to apply the payments, **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... | |
| Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...given in the Key, or study carefully the Court rule, which is thus expressed by Chancellor Kent: — " **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... | |
| Daniel Leach - 1857 - 314 pages
...have been endorsed on them : - — RULE. " The rule for casting interest, when partial payments /iave **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 .subsequent... | |
| William H. R. Wood - Law - 1857 - 834 pages
...interest at the statute rate, or ten per cent. per annum. Id. 5. " The rule for casting interest where **.D. Valentine & Son** digeharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging... | |
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