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Bøker Bok 5160 av 78If 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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City Court Reports: Containing Decisions of the Marine Court of the ..., Volum 2

New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889
...laid down by Chancellor KENT as follows: " 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 New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 360 sider
...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...
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The Pacific Reporter, Volum 25

1891
...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 discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Business Arithmetic

John Edward King - 1891 - 224 sider
...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...
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A Business Arithmetic

1893
...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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A Treatise on the Law of Personal Property, Volum 1

James Schouler - 1896
...Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and compute the subsequent interest on the...
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The New Advanced Arithmetic

John Williston Cook, Nebraska C. Cropsey - 1896 - 393 sider
...made, is to apply the payment, in the /Irst place, to the discharge of the interest t ht- ч due. II. If the payment exceeds the interest the surplus goes towards discharging the principal, and tin- subsequent interest is to be computed on the balance of principal remaining due. III. // the payment...
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The Northwestern Reporter, Volum 65

1896
...follows: "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 payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent...
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Higher Book

William Seneca Sutton - 1896
...BULE. 1. " 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. 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and...
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The American State Reports: Containing the Cases of General Value ..., Volum 56

Abraham Clark Freeman - 1897
...Hence, when partial payments hare been made, the rule for casting Interest is to 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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