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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 102
av Frederick Emerson - 1846 - 288 sider
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The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 404 sider
...Indorsement. The interest upon such notes is computed by the United States Rule. The rule for easting interest when partial payments have been made is to...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...
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Reports of Cases Determined in the Supreme Court of the State of ..., Volum 3

California. Supreme Court - 1888
...Chancellor Kent, in Connecticut v. Jackson, 1 John. Ch. 13. "The rule for casting interest," he says, "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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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
...376). The rule was laid down by Chancellor KENT as follows: " When partial payments have been made, apply the payment, in the first place, to the discharge...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...
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Tiffany's Digest of Depreciations, with the Addition of Numerous Tables ...

Henry Stanton Tiffany - 1890 - 76 sider
...Per cent. divide by 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...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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Rights, Remedies, and Practice, at Law, in Equity, and Under the Codes: A ...

John Davison Lawson - 1890
...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 computed on the...
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A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 362 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...
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The Pacific Reporter, Volum 25

1891
...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...
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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 Mortgages of Real Property, Volum 1

Leonard Augustus Jones - 1894
...amount to the time of rendering the decree.6 The rule for computing interest when a partial payment has been made is to apply the payment in the first place to the interest then due. This is sometimes called the Massachusetts or the United States rule, and was laid...
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