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
| Joseph Ray - Arithmetic - 1877 - 404 pages
...United States, in reference to Partial Payments, is as follows: " 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... | |
| Joseph Ray - Arithmetic - 1880 - 420 pages
...exceptions, by the several states of the Union, and is known as the "United States Rule:" US Rule. — **1. " The rule for casting interest when partial payments...the first place, to the discharge of the interest** due. 2. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and... | |
| Joseph Ray - Arithmetic - 1880 - 420 pages
...exceptions, by the several states of the Union, and is known as the "United States Rule:" US Kule. — **1. " The rule for casting interest when partial payments have been made, is to apply** Hie payment, in tiw first place, to the discharge of the interest due. 2. "If the payment exceeds the... | |
| Emerson Elbridge White - Arithmetic - 1883 - 368 pages
...Supreme Court of the United States, is called the UNITED STATES RULE. 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... | |
| Law reports, digests, etc - 1883
...rule for computing interest as follows: "When partial payments have been made, the payment is to apply **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... | |
| Law reports, digests, etc - 1917 - 1232 pages
...Ed. 200, the rule for casting interest in this country when partial payments are made is as follows: **"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... | |
| Law reports, digests, etc - 1891 - 1158 pages
...principal. "The rule for casting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 13, **"when partial payments have been made, is to apply...first place to the discharge of the interest then due.** If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent... | |
| D. M. Garret - Arithmetic - 1886 - 202 pages
...problem under these rules, and the pupil can see the difference readily. The United States Eule. I. — **The rule for casting interest when partial payments...place, to the discharge of the interest then due.** INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
| D. M. Garrett - Arithmetic - 1886 - 210 pages
...problem under these rules, and the pupil can see the difference readily. The United States Rule. I. — **The rule for casting interest when partial payments...place, to the discharge : of the interest then due.** INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
| Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...Indorsement. The interest upon such notes is computed by the United States Rule. The rule for easting **interest when partial payments have been made is to...the first place, to the discharge of the interest** due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
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