 | 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... | |
 | Frederick Emerson - Arithmetic - 1834 - 340 pages
...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...but interest continues on the former principal until 4he period when the payments, taken together, exceed the interest due, and then the surplus is to be... | |
 | William H. R. Wood - Law - 1857 - 834 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus...payments taken together exceed the interest due." Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest... | |
 | Daniel Leach - 1857 - 314 pages
...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...exceed the interest due, and then the surplus is to be dpplied towards discharging the principal, and interest is to be computed on the^alance, as aforesaid."... | |
 | Joseph Ray - Arithmetic - 1857 - 348 pages
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former principal, until the period when the payments, taken it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;... | |
 | James De Fremery - Mortgages - 1860 - 118 pages
...on the balance of the principal sum remaining unpaid. If the payment be less than the interest due, the surplus of interest must not be taken to augment...payments, taken together, exceed the interest due. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...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...taken to augment the principal, but interest continues upon the former principal until the period when the payments, taken together, exceed the interest due,... | |
 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...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...until the period when the payments taken together equal or exceed the interest due, and then the surplus is to be applied toward discharging the principal,... | |
 | James Bates Thomson - Arithmetic - 1862 - 428 pages
...principal, and 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...together, exceed the interest due, and then the surplus w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as... | |
 | James Bates Thomson - Arithmetic - 1862 - 436 pages
...balance of principal remaining due. III., " If the payment be less than the interest, the surplus nj interest must not be taken to augment the principal...then the surplus is to be applied towards discharging tJie principal ; and interest it to.lie computed on the balance as aforesaid." Jfnte. — The above... | |
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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... 
