...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 due, and then the surplus is to be applied towards discharging the principal Partial payments, as the term indicates, are the part payments of...

...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...interest due, and then the surplus is to be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...

...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."...

...less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the...to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent of New...

...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....

...subsequent interest is to be computed on the balance of principal remaining due. 3. "If the payment be less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. 307....

...subsequent interest is to be computed mi the balance of principal remaining due. If the payment be LESS than the interest, the surplus of interest must...to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid. ART. 280. This rule is based on the following...

...principal remaining due. If the payment be less than the interest, the surplus of interest must not betaken to augment the principal; but interest continues on...interest due, and then the surplus is to be applied towards discharging the principal; and the interest is to be computed on the balance." It will be seen...

...interest, the surplus of interest must not be taken to augment the principal, but interest continuen on the former principal until the period when the...to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid. ART. 280. This rule is based on the following...

...taken to augment the principal, but interest continues on the, former principal until the period ivhen the payments, taken together, exceed the interest...to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid. ART. 280. This rule is based on the following...