 | Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...principal remaining due. III. "If the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but the interest...interest due, and then the surplus is to be applied toward discharging tlie principal, and the interest is to be computed on the balance as aforesaid."... | |
 | John Groesbeck - 1872 - 374 pages
...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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson' 'i Chancery... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 348 pages
...interest, tlte surplus of interest must not be taken to augment the principal, but interest co)itinues on the former principal until the period when the...interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid.... | |
 | T. A. Bryce - Business mathematics - 1873 - 370 pages
...not be taken to augment the principal, but interest continues on the former principal until the time when the payments, taken together, exceed the interest...is to be applied towards discharging the principal Partial payments, as the term indicates, are the part payments of promissory notes, bonds, or other... | |
 | Joseph Ray - 1856 - 400 pages
...LESJS tJxtn 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 toy&lher exceed the interest due, and then the surplus ~~f. HM RF.vimv. — 325. If a note;'is not... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 462 pages
...the interest the surplus of interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period...exceed the interest due, and then the surplus is to be applicd towards discharging the principal, and the interest is to be computed on the balance as aforesaid."... | |
 | James E. Ryan - Arithmetic - 1877 - 212 pages
...principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but the interest...interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid."... | |
 | Joseph Ray - Arithmetic - 1877 - 402 pages
...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...interest due, and then the surplus is to be applied toward discharging the principal; and interest is to be computed on the balance, as aforesaid." —... | |
 | Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...interest, the surplus of interest must not be taken to augment the principal; but interest continues on former principal until the period when the payments,...exceed the interest due, and then the surplus is to applied towards discharging the principal, and interest is to be computed on the balance. Discount.... | |
 | Joseph Ray - Arithmetic - 1880 - 420 pages
...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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. 307. This rule is based upon the following... | |
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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, and then the surplus... 
