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Bøker Bok 3140 av 79If the payment be less than the interest, the surplus of interest must not be taken...
" If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest... "
A Treatise on Arithmetic ... - Side 364
av Noble Heath - 1855 - 455 sider
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The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 432 sider
...that, 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 the interest the surplus goes towards discharging the principal, and the...
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Higher Arithmetic : Or, The Science and Application of Numbers ..., Bok 6

James Bates Thomson - 1860 - 422 sider
...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 tJte payment exceeds Ike interest, the surplus goes towards discharging the principal, and...
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Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 332 sider
...the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. Apply the payment in the first place to the discharge of the interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Reports of Cases Argued and Determined in the Court of Chancery of ..., Volum 2

Alonzo Christopher Paige - 1864
...until paid. Lamott v. Sterett, 1 Har. * Johns. 42. The rule for casting interest, when partial payment* have been made, is to apply the payments in the first...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Upper Canada Law Journal, Volum 1

1865
...Johnson, 1 Johns. Ch. R. 17, by Chancellor Kent, as follows : — " Apply the payment in the first placo to the discharge of 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 on the balance of principal...
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1865 - 347 sider
...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, the surplus goes towards discharging the principal, and the subsequent interest...
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Practical Arithmetic: By Induction and Analysis

Joseph Ray - 1857 - 320 sider
...regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to be computed...
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A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - 1870 - 340 sider
...States, is called the UNITED STATES RULE. When partial payments have been made, apply the payment, in the first place, to the discharge of the interest...the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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A Compendium of Commercial Law: Analytically and Topically Arranged, with ...

Calvin Townsend - 1871 - 587 sider
...New York, they are thus in that State : 1. When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. 2. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...
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The Principles of Arithmetic ...

Joseph Ray - 1856
...balance due on settlement is found by the/ US RULE FOR/PARTIAL PAYMENTS. "Apply the payment, in fhe first place, to the discharge of the interest then due; if the payment EXCEEDS '"the Merest, the surplus 'goes toward dischdg'ging the principal, and the subsequent interest is to be computed...
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