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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... "
The North American Arithmetic: Part Third, for Advanced Scholars - Side 104
av Frederick Emerson - 1846 - 288 sider
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The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - 1837 - 252 sider
...practice of tke Courts in the State of New York: RULE : — " The Rule for casting Interest, where partial payments have been made, is to apply the payment,...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...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - 1837 - 678 sider
...usury are discussed and defended by the chancellor, in the case of Thompson v. Berry, 3 JCR 395. 1069. The rule for casting interest, when partial payments...have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus...
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A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - 1838 - 194 sider
...Chancellor Kent, of the state of New- York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed fin the...
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The North American Review, Volum 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 572 sider
...have been made. In the New York Chancery Reports, this rule is thus stated by Chancellor Kent ; — " The rule for casting interest, when partial payments...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...
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The North American Review, Volum 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 536 sider
...have been made. In the New York Chancery Reports, this rule is thus stated by Chancellor Kent ; — " The rule for casting interest, when partial payments...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...
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The North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - 1839 - 300 sider
...chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting inter eft, when partial payments have been made, is to apply...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...
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A Treatise on the Civil Jurisdiction of Justices of the Peace in the ..., Del 2

Esek Cowen - 1841 - 698 sider
...by the late Chancellor Kent, is laid down by him in nearly the same words. ' The rule' (says he) ' for casting interest, when partial payments have been...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...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - 1841 - 274 sider
...use the following rule, which was given by Chancellor KENT, in the New York Chancery Reports: RULE. " The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceed the in. lerest, the surplus goes towards discharging the principal, and the subsequent interest...
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Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - 1841 - 246 sider
...Chancellor Kent, of the state of New- York. According to this decision, the method of casting interest is, to "apply the payment in the first place to the...then due. If the .payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on th&...
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The North American Arithmetic: for advanced scholars. Part third

Frederick Emerson - 1842 - 296 sider
...New Jersey, have established a general rule for the computation of interest, when partial jtayments have been made. This rule is well expressed m the...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...
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