 | Nicolas Pike - Arithmetic - 1822 - 562 pages
...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 principal remaining due. If the payment be less than tin- interest, the surplus of interest must not... | |
 | Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...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... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...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 toward...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Nicolas Pike - Arithmetic - 1832 - 544 pages
...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 toward...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the imprest, the surplus of interest must not... | |
 | William Ruger - Arithmetic - 1832 - 282 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not... | |
 | Nicolas Pike - Arithmetic - 1832 - 540 pages
...made, is to apply the payment, in the first place, to the discha.rge of the interest 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 balance of principal remaining due. If the payment be less than the... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Lyman Cobb - Arithmetic - 1835 - 246 pages
...bonds, &c. The following Rule is established for the practice of the Courts in the State of New York. the interest, the surplus goes toward discharging...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
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If the payment be less than the Interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due... 
