 | International Correspondence Schools - Administrators - 1903 - 650 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be '«2.1 Pa. 411 (1855). "4 Dowl. & Ry. (Enicr.) 783 (1824). "63Md. 171 (1884). »»25Pac. Rep. 93 (1890).... | |
 | Edward Voigt, Charles Voigt - Commercial law - 1904 - 836 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...period when the payments taken together exceed the amount due, and then the surplus is to be applied towards the discharge of the principal; and the interest... | |
 | Business - 1905 - 168 pages
...subsequent interest is to be computed on the balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must...to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and then... | |
 | John Williston Cook, Nebraska Cropsey - Arithmetic - 1906 - 384 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. interest continues on the former principal until the...interest due, and then the surplus is to be applied toward discharging the principal; and interest is to be computed on the balance as aforesaid. Note.... | |
 | Law reports, digests, etc - 1906 - 1266 pages
...and the subsequent interest is to be computed on the balance of principal remaining due, but whereby, if the payment be less than the interest, the surplus of interest due must not be taken to augment the principal, but interest continues on the former principal until... | |
 | Michigan. Attorney General's Office - 1914 - 906 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - Law reports, digests, etc - 1917 - 830 pages
...a balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance aa aforesaid.... | |
 | Law reports, digests, etc - 1917 - 1336 pages
...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...former principal until the period when the payments, tnken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | William Mark McKinney, Burdett Alberto Rich - Law - 1918 - 1564 pages
...the interest, the balance of interest is not to be added to the principal so as to produce interest,0 but interest continues on the former principal until...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance as aforesaid.7... | |
 | 1919 - 832 pages
...a balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...until the period when the payments, taken together, ex6eed the interest due, and then the earplug ie to be applied toward discharging the principal, and... | |
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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... 
