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
| Alonzo Christopher Paige - Equity - 1864 - 828 pages
...Johns. 42. The rule for casting interest, when partial payment* 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 interest, the surplus goes toward discharging the principal, and the subsequent... | |
| George Roberts Perkins - 1865 - 360 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... | |
| Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 760 pages
...fifty or more cents, and to disregard the cents when there are less than fifty. Partial Payments. — **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... | |
| John Groesbeck - Arithmetic - 1867 - 226 pages
...Massachusetts. and most of the other States of the Union, and is called THE UNITED STATES RULE. I. **The rule for casting interest when partial payments...the first place, to the discharge of the interest** due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
| John Groesbeck - Arithmetic - 1868 - 350 pages
...Massachusetts, and most of the other States of the Union, and is called THE UNITED STATES RULE. I. **The rule for casting interest when partial payments...the first place, to the discharge of the interest** due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
| Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1868 - 622 pages
...them. In Wasson v. Gould, 3 Blackf. 18, the rule of computing interest in such cases is stated to be, " **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... | |
| Joseph Ray - Arithmetic - 1857 - 360 pages
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " When partial payments have been made, **apply the payment, in the first place, to the discharge of the interest then due.** " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent... | |
| George Roberts Perkins - Arithmetic - 1869 - 360 pages
...Court of the United States is as follows : RULE. " The rule for casting interest, when partial payment! **have been made, is to 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... | |
| Charles W. Langdon - Constables - 1870 - 858 pages
...interest, on which have been made partial payments after maturity, the proper method of computing interest, **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... | |
| Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...Court of the United States, is called the UNITED STATES RULE. When partial payments have been made, **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 discharging the principal, and the subsequent... | |
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