 | Law reports, digests, etc - 1883 - 994 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 of interest must not betaken to augment the principal; but interest continues on the former principal until the period when... | |
 | Law reports, digests, etc - 1891 - 1148 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...payments, taken together, exceed the interest due, and the surplus is to be applied towards discharging the principal, and interest is to be computed on the... | |
 | Law reports, digests, etc - 1891 - 1158 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...the period when the payments, taken together, exceed theinterest due, and the surplus is to be applied towards discharging the principal, and interest is... | |
 | California - California - 1886 - 758 pages
...of the principal remaining. If the payment be lees than the interest, the surplus of interest most not be taken to augment the principal, but interest...payments taken together exceed the interest due." It seemed, however, from the evidence that a different mode of computing interest was common among... | |
 | D. M. Garret - Arithmetic - 1886 - 202 pages
...than the interest, the surplus of the interest must not be taken to augment the principal ; but the interest continues on the former principal until the period when the payments exceed the interest due, and then the surplus is to be applied towards discharging the principal, and... | |
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 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...continues on the former principal until the period 1rhen the payments, tal•en together, exceed the interest due, and then the surplus is to be applied... | |
 | California. Supreme Court - Law reports, digests, etc - 1888 - 568 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." It seems, however, from the evidence, that a different mode of computing interest is common among merchants.... | |
 | Thomas A. Rice - Accounting - 1889 - 364 pages
...computed on the balance of principal remaining due. 3. If the payment be less than the interest then due, the surplus of interest must not be taken to augment...interest due, and then the surplus is to be applied 294 towards discharging the principal, and interest is to be computed on the balance as aforesaid.... | |
 | John Davison Lawson - Actions and defenses - 1890 - 944 pages
...subsequent interest is to be computed on the balance of the principal remaining due. If the payments be less than the interest, the surplus of interest...on the former principal until the period when the payment*, taken together, exceed the interest due; and then the surplus is to be applied towards discharging... | |
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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... 
