| 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. Garrett - Arithmetic - 1886 - 210 pages
...rules, and the pupil can see the difference readily. The United States Rule. I. — The rule for casting interest when partial payments have been made, is...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. Garret - Arithmetic - 1886 - 202 pages
...rules, and the pupil can see the difference readily. The United States Eule. I. — The rule for casting interest when partial payments have been made, is...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
...the note. This is an Indorsement. The interest upon such notes is computed by the United States Rule. The rule for easting interest when partial payments...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... | |
| Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...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 made, is...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... | |
| 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 then due. If the payment exceeds the interest, the surplus goes towards discharging the principal; and the subsequent... | |
| 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... | |
| 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... | |
| 1893 - 252 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. EXAMPLES. 472. Find the amount... | |
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