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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... "
A Practical and Theoretical System of Arithmetic: Containing Several New ... - Seite 124
von George Willson - 1836 - 192 Seiten
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A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 Seiten
...:) "The rule for casting interest, when partial payments have been made, is to apply the payments, in the first place, to the discharge of the interest...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1855 - 388 Seiten
...States is as follows : ' RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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The Merchants', Students' and Clerks' Manual

James Robinson - 1856 - 108 Seiten
...Kent of New York. " The rule for computing interest on notes, when partial payments have been made, is to apply the payment, in the first place, to the...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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A Treatise on Arithmetic: Through which the Entire Science Can be Most ...

Noble Heath - 1856 - 472 Seiten
...•' The rule for casting interest, when partial payments have been wade, is to apply the payments, in the first place, to the discharge of the interest...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - 1856 - 312 Seiten
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest...
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The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - 1857 - 338 Seiten
...expressed by Chancellor Kent: — " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the...principal, and the subsequent interest is to be computed on the balance of principal remaining due. " If the payment be less than the interest, the surplus...
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Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 Seiten
...where partial payments have been made, is, to apply the payment in the first place to the digeharge of the interest then due; if the payment exceeds the...principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of...
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 348 Seiten
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge...the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed...
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 Seiten
...OF THE STATES GENERALLY. I. " 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." II. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...
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Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 Seiten
...b It may be here stated that the rule for casting interest, where partial payments have been made. is to apply the payment in the first place to the...principal, and the subsequent interest is to be computed on the balance of the principal sum remaining unpaid. If the payment be less than the interest due,...
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