 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...  Practical Arithmetic, by Induction and Analysis - Page 225by Joseph Ray - 1857 - 320 pagesFull view - About this book
 | Emerson Elbridge White - Arithmetic - 1883 - 374 pages
...which, having been adopted by the Supreme Court of the United States, is called the UNITED STATES RULE. When partial payments have been made, apply the payment,...the interest then due. If the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequeitt interest is to be... | |
 | Emerson Elbridge White - Arithmetic - 1883 - 368 pages
...which, having been adopted by the Supreme Court of the United States, is called the UNITED STATES RULE. partial payments have been made, apply the payment,...the interest then due. If the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed... | |
 | 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 interest is to be... | |
 | Law reports, digests, etc - 1891 - 1158 pages
...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 the discharge...the interest then due. If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent interest is to be computed... | |
 | D. M. Garrett - Arithmetic - 1886 - 210 pages
...United States Rule. 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. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
 | D. M. Garret - Arithmetic - 1886 - 202 pages
...United States Eule. 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. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal,... | |
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...by the United States Rule. The rule for easting interest when partial payments have been made is to apply the payment, in 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... | |
 | New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - Law reports, digests, etc - 1889 - 484 pages
...86, 87, note; also, 3 Iowa, 76; 9 Id. 376). The rule was laid down by Chancellor KENT as follows: " When partial payments have been made, apply the payment,...the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed... | |
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...20 Per cent. divide by 18 The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the 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... | |
 | 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 interest is to be... | |
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