 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
 | John Groesbeck - Business mathematics - 1871 - 370 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... | |
 | Calvin Townsend - Commercial law - 1871 - 620 pages
...Chancellor Kent, of New York, they are thus in that State : 1. When partial payments have been made, apply the payment, in the first place, to the discharge...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | John Innes Clark Hare, Horace Binney Wallace, John William Wallace - Commercial law - 1871 - 952 pages
...payments have been made," said Chancellor Kent, in Connecticut v. Jackson, I Johnson's Chancery, 13, 17, " 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 Groesbeck - 1872 - 374 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... | |
 | Shelton P. Sanford - Arithmetic - 1872 - 402 pages
...adopted a method founded on a decision of tha Supreme Court of the United States. UNITED STATES RULE. I. "The rule for casting interest when partial payments...the payment, in the first place, to the discharge of tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging... | |
 | T. A. Bryce - Business mathematics - 1873 - 370 pages
...Court of the United States, for casting interest upon bonds, notes, or other obligations, upon wMch partial payments have been made, is to apply the payment,...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 Johnson - Equity - 1873 - 550 pages
...Rom. lib. 22. tit. 1. 6.) The rule for casting interest, when partial payments have Rule for castbeen made, is to apply the payment, in the first place, to the ™Jj[e,e ""artial discharge of the interest then due. If the payment exceeds payments are the interest,... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 468 pages
...where partial payments have been made, the Supreme Court of the United States has decided that, 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 dischargibg the principal, and the... | |
 | Thomas Foster Withrow, Edward Holcomb Stiles - Law reports, digests, etc - 1875 - 730 pages
...Gr. 76. 8. In computing interest, when partial payments have been made, such payments are applied, 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... | |
 | Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...Per cent, divide by 3 15 Per cent, divide by 24 18 Per cent, divide by 2 20 Per cent, divide by 18 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... | |
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