 | D. M. Garrett - Arithmetic - 1886 - 210 pages
...these rules, and the pupil can see the difference readily. The United States Rule. I. — The rule for casting interest when partial payments have been...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... | |
 | California. Supreme Court - Law reports, digests, etc - 1888 - 568 pages
...Chancellor Kent, in Connecticut v. Jackson, 1 John. Ch. 13. "The rule for casting interest," he says, "when partial payments have been made, is to apply...the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...cent. divide by 8 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 have been...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 Davison Lawson - Actions and defenses - 1890 - 944 pages
...held the rule for casting interest, when partial payments have been made, to be, to apply the payments in the first place to the discharge of the interest...the payment exceeds the interest, the surplus goes towards discharging the principal; and the subsequent interest is to be computed on the balance of... | |
 | Emerson Elbridge White - Arithmetic - 1883 - 370 pages
...UNITED STATES RULE. Tf7ien partial payments have been made, apply the payment, in the ßrst piare, to the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes tolrard discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | Law reports, digests, etc - 1891 - 1248 pages
...principal. "The rule for canting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 13, "when partial payments have been made, is to apply the payment in the first place to thedischarge of the interest then due. If the payment exceeds the interest, the surplus goes towads... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1891 - 1028 pages
...follows: " When partial payments have been made, apply the payment, in the first place, to the discharging of the interest then due. If 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 Edward King - Business mathematics - 1891 - 254 pages
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. 472. Find the amount due... | |
 | Jabez Gridley Sutherland - Damages - 1893 - 1132 pages
...payments are made on a money demand after maturity, the payment is applied in the first place to discharge the interest then due; if the payment exceeds the interest the surplus goes towards discharging the principal; and the subsequent interest is to be computed on the balance of... | |
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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... 
