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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 American State Reports: Containing the Cases of General Value ..., Volum 96

Abraham Clark Freeman - 1903
...Computing Interest.— As to the method of computing interest, it is stated by Chancellor Kent to be as follows: "The rule for casting interest when partial...the payment, in the first place, to the discharge of tho interest then due. If the payment exceeds the interest, the surplus goes toward discharging the...
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The American State Reports: Containing the Cases of General Value ..., Volum 96

Abraham Clark Freeman - 1903
...Chancellor Kent to be as follows: "The rule for casting interest when partial payments have been made, U to 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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Ray's Modern Practical Arithmetic: A Revised Edition of Ray's Practical ...

Joseph Ray - 1903 - 320 sider
...Chancellor Kent with reference to partial payments, is 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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The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 800 sider
...therewith." It is the law in Wisconsin that "when partial payments have been made, the payment is to apply in the first place to the discharge of the interest...then due. If the payment exceeds the interest, the surplus goes toward the discharge of the principal, and the subsequent interest is to be computed on...
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The Business Man's Encyclopedia: a Hip-pocket Business Counsellor-- ...: 3 ...

1905
...by... 2 9 per cent divide by 4 20 per cent divide by... 18 The rule for casting interest, when the 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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New York Annotated Cases: Selected from the Current Decisions of ..., Volum 16

Wayland Everett Benjamin - 1906
...nearly a hundred years ago in Connecticut v. Jackson, 1 Johns. Ch. 17, 7 Am. Dec. 471. It was stated as follows: "The rule for casting interest when partial...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 108

1906
...known as the Massachusetts or United States rule, which was correctly announced by Chancellor Kent as follows: "The rule for castIng interest when partial...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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Reports of Cases Determined in the Supreme Court of the Territory ..., Volum 13

New Mexico. Supreme Court - 1908
...(Tenn.) 238; Margarity v. Shipman. 82 Va., 784. Jones-Downes Co. v. Chandler. RM TURNER, for appellee. 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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Soulé's philosophic practical mathematics: designed for the use of ...

George Soulé - 1910 - 1002 sider
...the United States, as also by several other States, is hence termed tbe United States System. I.— The rule for casting interest when partial payments have been made, is to apply the payment, in tbe first place, to the discharge of the interest due. II. — If the payment exceeds the interest,...
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United States Supreme Court Reports, Volum 10

United States. Supreme Court - 1911
...sufficient, see note to Moore v. Bank of Metropolis, ante, 172. Interest, the rule of calculation of. 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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