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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 the... "
A Treatise on Arithmetic ... - Page 364
by Noble Heath - 1855 - 455 pages
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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 have been made, is to apply the payment, in the first place, to the discharge of the interest then due. . II. If the payment exceeds...
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An Elementary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1846 - 266 pages
...following rule, which was given by CHANCKLLOR KENT, in the NewYork Chancery Report : RULE. " The rule fur casting interest, when partial payments have bee.n made., is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest,...
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The United States Arithmetic: Designed for Academies and Schools

William Vogdes - Arithmetic - 1847 - 324 pages
...Circuit Court Reports, p. 167, and by Chancellor Kent, in Johnson's Chancery Reports, vol. ip 17. KULE. 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 exceed the...
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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 have been made, is to apply the payment, in the first place, to the discharge of the interest then due. II. " If the payment exceeds...
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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 made, is to apply the payment, in the first place, to the discharge of the interest then due. II. " If the payment exceeds...
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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 have been made, is to apply the payment, in the first place, to the discharge of the interest then due. II. " If the payment exceeds...
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - Arithmetic - 1849 - 320 pages
...most of the States of the Union, among which are Massachusetts and New York: SUPREME COURT RULE. I. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the disc/large of the interest then due. II. " If the payment exceeds...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 356 pages
...use the following Rule, which was given by CHANCELLOR KENT, in the New York Chancery Reports: RULE. " 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 exceed the interest,...
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 346 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 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...
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - Arithmetic - 1850 - 364 pages
...or indorsements,* the rule adopted by the Supreme Court of the United States is as follows : RULE. " The rule for casting interest, when partial payments have been made, is to apply the payment, in thejlrst place, to the discharge of the interest then due. If the payment exceed the interest,...
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