 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 - 388 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 - 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 - 340 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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