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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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A Treatise on the Measure of Damages: Or, An Inquiry Into the ..., Volum 1

Theodore Sedgwick - 1912 - 3400 sider
...that laid down in the leading case of Connecticut v. Jackson; 484 in which Chancellor Kent said 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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Ruling Case Law: As Developed and Established by the Decisions and ..., Volum 15

William Mark McKinney - 1917
...sanctioned by the decisions or statutes of most of the states, and commonly known as the United States rule, 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 the...
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McKinney's Consolidated Laws of New York Annotated: With Annotations ..., Bok 19

New York (State) - 1917
...rule for the computation of partial payments was enunciated in an early case as follows: "The rule of 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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Reports of Cases Decided in the Supreme Court of the State of Oregon, Volum 82

Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Frank A. Turner, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Bellinger, Charles Byron - 1917
...rule. 2. The formula prescribed by Chancellor Kent reads thus: "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 toward discharging the principal, and the subsequent interest is to be computed on the...
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Ruling Case Law: As Developed and Established by the Decisions and ..., Volum 21

William Mark McKinney, Burdett Alberto Rich - 1918
...Payments; Account Due. — In applying partial payments to an interest bearing debt which is due, the rule is to apply the payment, in the first place, to the discharge of the interest then due.3 If the payment exceeds the interest, the surplus goes toward discharging the principal,* and...
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Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Volum 3

1919
...defendants.— Holtz v. Olds, 84 Or. 567, 164 Рас. 583, 1184. 5. 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 toward discharging the principal, and the subsequent interest is to be computed on a balance...
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The Northwestern Reporter, Volum 171

1919
...payments are so made, the rule commonly known as the United States rule is generally applied. That rule 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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The Pacific Reporter, Volum 216

1923
...rule announced In 22 Cyc. 1564: "Where partial payments are made the rule is to apply the payments in the first place to the discharge of the interest then due." AB to the other four notes, which provided for the payment of 8 per cent, per annum from date until...
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The New York Supplement

1924
...applied was settled nearly 100 years ago, in Connecticut v. Jackson, 1 Johns. Ch. 17. 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 Pacific Reporter, Volum 221

1924
...sanctioned by the decisions or statutes of most of the states, and commonly known as the United States rule, 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 the...
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