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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 - Page 104
by Frederick Emerson - 1846 - 288 pages
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Reports of cases adjudged in the Court of Chancery of New-York: containing ...

New York (State). Court of Chancery, William Johnson, New York (State), New York (State). Court for the Trial of Impeachments and the Correction of Errors - Equity - 1824
...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 - Mathematics - 1832 - 528 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...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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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike, Chester Dewey - Arithmetic - 1832 - 528 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...then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the...
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Cobb's explanatory arithmetick, number two: containing the compound rules ...

Lyman Cobb - Mathematics - 1835 - 216 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,...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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A new system of arithmetick: in which the rules are familiarly demonstrated ...

William Ruger - Arithmetic - 1832 - 263 pages
...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,...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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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - Arithmetic - 1834 - 297 pages
...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...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 Argued and Determined in the Supreme Court of ..., Volume 3

Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 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,...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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Cobb's explantory arithmetick, number two: containing the compound rules ...

Lyman Cobb - Arithmetic - 1836 - 216 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,...then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, nnd the subsequent interest is to be compiled on the...
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A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - Arithmetic - 1836 - 192 pages
...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...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed nn the...
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A new system of arithmetick: in which the rules are familiarly demonstrated ...

William Ruger - Arithmetic - 1836 - 263 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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