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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 Federal Reporter - Halaman 465
1926
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 halaman
...disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest...computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 halaman
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal...
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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
...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...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus interest must not be added to the principal ;...
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 437 halaman
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent...interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 263 halaman
...practice qf the Courts in the State of New York : RULE I. — "The Rule for casting Interest, where partial payments have been made, is to apply the payment,...computed on the balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not be taken to augment the...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 halaman
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the...
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The North American Arithmetic: for advanced scholars. Part third

Frederick Emerson - 1834 - 288 halaman
...Chancery Reports, in a case decided by chancellor KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 297 halaman
...Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part payments have been made, apply the payment in the first place, to the discharge...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the...
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Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

Indiana. Supreme Court, Isaac Newton Blackford - 1836
...following is the language of Chancellor Kent on this subject: — "The rule for casting interest, where partial payments have been made, is to apply the payment,...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the...
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A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

George Willson - 1836 - 192 halaman
...Chancellor Kent, of the state of New-York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the...principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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