 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 - 402 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 - 994 pages
...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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