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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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Robinson's New Higher Arithmetic: For High Schools, Academies, and ...

Horatio Nelson Robinson - 1895 - 506 sider
...interest when partial payments have been made, the Supreme Court of the United States has decided that : " 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 Northwestern Reporter, Volum 65

1896
...contained in the decision of Chancellor Kent in the case of Connecticut v. Jackson, 1 Johns. Ch. 13, and is as follows: "The rule for casting interest when partial...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
...the amount then paid. 264. The following, in the words of its author, is the UNITED STATES BULE. 1. " The rule for casting interest when partial payments...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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A Treatise on the Law of Personal Property, Volum 1

James Schouler - 1896
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge...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 American State Reports: Containing the Cases of General Value ..., Volum 56

Abraham Clark Freeman - 1897
...opinion of Chancellor Kent in the case of Connecticut v. Jackson, 1 Johns. Ch. 13, 7 Am. Dec. 471, and is as follows: "The rule for casting interest, when partial...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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The American State Reports: Containing the Cases of General Value ..., Volum 56

Abraham Clark Freeman - 1897
...for computing interest. Hence, when partial payments have Ijeen made, the rule for casting interest is to apply the payment, In the first place, to the...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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New Practical Arithmetic

Eugene L. Dubbs - 1901 - 440 sider
...and by almost all the states of the Union. UNITED STATES RULE 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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Principles of Law: Agency; Master and Servant; Bailments; Landlord and ...

1903
...interest accrued to the date of such payment, and the balance, if any, applied upon the principal." The rule for casting interest, when 'partial payments...discharge of the interest then due. If the payment exceed the interest, the surplus goes toward discharging the principal, and the subsequent interest...
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Arithmetic for High Schools, Academies, and Normal Schools

Oscar Lynn Kelso - 1903 - 274 sider
...Reports, p. 209. The language of Chancellor Kent is as follows : " 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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The New Advanced Arithmetic

John Williston Cook, Nebraska C. Cropsey - 1903 - 327 sider
...any time of notes upon which partial payments have been made. It is called THE UNITED STATES RULE. I. The rule for casting interest, when partial payments...place, to the discharge of the interest then due. II. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the...
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