 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, and then the surplus...  Practical Arithmetic, by Induction and Analysis - Page 221by Joseph Ray - 1857 - 336 pagesFull view - About this book
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 pages
...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 be taken to augment the principal, but interest continues... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...exceeds the interest, the surplus goes toward 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 interest must not be taken to augment tha principal ; but interest continues... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 808 pages
...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 is less than the interest, the surplus of interest must not be taken to augment the principal; but... | |
 | George Roberts Perkins - Arithmetic - 1865 - 360 pages
...interest, the surplus goes towards discharging the principal, and the subsequent interest is to le computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be takcn to augment the principal ; but interest continues... | |
 | Law - 1865 - 358 pages
...exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payments be less than the interest, the surplus of interest must not be taken to argument the principal... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...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 is less than the interest, the surplus of interest must not be taken to augment the principal ; but... | |
 | Whitman Peck - Arithmetic - 1868 - 304 pages
...exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of the interest must not be taken to augment the .principal,... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be LESS than tiie interest, the surplus of interest must not be taken to augment the principal, but interest continues... | |
 | John Innes Clark Hare - Civil procedure - 1871 - 952 pages
...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 be taken to augment the principal ; but interest, continues... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 348 pages
...EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balan.ce of principal remaining due. If the payment lie LESS than tiie interest, tlte surplus of interest must not be taken to augment the principal, but... | |
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