 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...the discharge of the interest then due ; if the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not be taken to augment the... | |
 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 pages
...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...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... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...the discharge of the interest 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 balance of principal remaining due. If the payment be less than the interest, the surplus interest must not be... | |
 | Law - 1865 - 358 pages
...the discharge of the interest 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 balance of principal remaining due. If the payments be less than the interest, the surplus of interest must not... | |
 | George Roberts Perkins - Arithmetic - 1865 - 360 pages
...the payment, in the first place, to the discharge of the interest then due. If the payment exceed the 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... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...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...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... | |
 | John Groesbeck - Arithmetic - 1867 - 226 pages
...the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1868 - 622 pages
...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...the payment be less than the interest, the surplus interest must not be taken to augment the principal ; but interest continues on the former principal... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must... | |
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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... 
