 | Commerce - 1852 - 780 pages
...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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile... | |
 | Commerce - 1852 - 780 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile... | |
 | John Fair Stoddard - Arithmetic - 1852 - 320 pages
...the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1891 - 780 pages
...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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." This rule was adopted by... | |
 | Daniel Leach - Arithmetic - 1853 - 622 pages
...on the balance of principal remaining due. " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." PROVIDENCE, April 12,... | |
 | Charles D. Lawrence - Arithmetic - 1854 - 336 pages
...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...•then the surplus is to be applied towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted... | |
 | Noble Heath - 1855 - 468 pages
...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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." NEW TOKK, July 8, 1850.... | |
 | George Roberts Perkins - Arithmetic - 1855 - 388 pages
...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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been... | |
 | James Bates Thomson - Arithmetic - 1855 - 436 pages
...remaining due. HI. "If the payment be less than the interest, the surplus of Merest must not be taJcen to augment the principal ; but interest continues...together, exceed the interest due, and then the surplus •tstobe applied towards discharging the principal ; and interest is to fe computed on the balance... | |
 | James Robinson - Accounting - 1856 - 108 pages
...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...then the surplus is to be applied towards discharging the principal; and the interest is to be computed on the balance, as aforesaid." ' • $1250.00 BOSTON,... | |
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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... 
