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" 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... "
An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ... - Page 234
by George Roberts Perkins - 1855 - 347 pages
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Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - Arithmetic - 1841 - 246 pages
...Chancellor Kent, of the state of New- York. According to this decision, the method of casting 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 subsequent interest...
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The North American Arithmetic: for advanced scholars. Part third

Frederick Emerson - Arithmetic - 1842 - 296 pages
...Reports, in a case decided by chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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A New Practical and Theoretical Arithmetic: In which in Addition to the ...

Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...in the language of Chancellor Kent, as expressed in the New York Chancery Reports : RULE 2. "rfpply 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, interest...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 402 pages
...for computing the interest adopted by tlie Supreme Court of the United States, is the following. 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 discharging the principal, and...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 354 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for easting interest, when partial payments have been made, is...place, to the discharge of the interest then due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...
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Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 362 pages
...Supreme Court of the United States, is the following. I. " The rule for casting interest, when partials payments have been made, is to apply the payment,...first place, to the discharge of the interest then dzie. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal,...
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Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - Arithmetic - 1847 - 426 pages
...for computing the interest adopted by the Supreme Court of the United States, is the following. 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 discharging the principal, and...
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Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - Arithmetic - 1847 - 434 pages
...computing the interest adopted by the Supreme Court of the United States, is the following. I. " The ride for casting interest, when partial payments have "been...place, to the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 pages
...language of Chancellor Kent, of New York. " The rule for casting interest, when partial payments haee been made, is to apply the payment, in the first place,...discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 434 pages
...for computing the interest adopted by the Supreme Court of the United States, is the following. 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 discharging the principal, and...
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