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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. "
A Theoretical and Practical Arithmetic: Designed for Common Schools and ... - Page 136
by Daniel Leach - 1851 - 276 pages
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 562 pages
...when partial payments have iiertj made, is ID apply the payment, in the firct place, to the disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of...
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volume 7

New York (State). Court of Chancery, William Johnson - 1824 - 748 pages
...usury, are discussed and defended by the Chancellor, in the case of Thompson v. Berry, 3 JCR395. 24. The rule for casting interest, when partial payments...have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 544 pages
...RULE IV. The following Rule U established for the practice of the Courts in the State of New- York. " The Rule for casting Interest, when partial payments...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 540 pages
...following Rule is established for the practice of the Courts in the Slate of New- York. " The Ruin for casting Interest, when partial payments have been...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 pages
...established for the practice of the Courtt ' in the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment,...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1836 - 228 pages
...established far the practice of the Courts in the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment,...the payment exceeds the interest, the surplus goes toward discharging the principal, nnd the subsequent interest is to be compiled on the balance of principal...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1836 - 274 pages
...practice of the Courts in the Slate of New-York : RULE I.—" The Rule for casting Interest, where partial payments have been made, is to apply the payment, in the first place, to the dis-' charge of the interest then due. If the payment exceeds the interest, the surplus goes towards...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - 1837 - 678 pages
...usury are discussed and defended by the chancellor, in the case of Thompson v. Berry, 3 JCR 395. 1069. The rule for casting interest, when partial payments...have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1839 - 300 pages
...chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting intereft, when partial payments have been made, is to apply the payment, in the Jin,t place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - 1841 - 274 pages
...must use the following rule, which was given by Chancellor KENT, in the New York Chancery Reports: RULE. " The rule for casting interest, when partial...discharge of the interest then due. If the payment exceed the in. lerest, the surplus goes towards discharging the principal, and the subsequent interest...
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