 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...  Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...principal; but interest continues on the former principal until the period 1rhen the payments, tal•en together, exceed the interest due, and then the surplus...to be applied toward discharging the principal, and interest is to be computed on the balance a9 aforesaid. 1. A note of $640, dated May 21, 1866, and... | |
 | California. Supreme Court - Law reports, digests, etc - 1888 - 568 pages
...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...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
...than the interest then due, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the...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.... | |
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...interest, the surplus of interest must not be taken to augment the principal; but interest continues on former principal until the period when the payments,...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance. Discount. Discount... | |
 | John Davison Lawson - Actions and defenses - 1890 - 944 pages
...augment the principal; but interest continues 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 the principal, and interest is to be computed on the balance of principal, as aforesaid... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1891 - 1038 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 due, and then the surplus is to be applied towards discharging the principal, and interest u to be computed on the balance as aforesaid." This... | |
 | Law reports, digests, etc - 1891 - 1266 pages
...principal, and the subséquent interest ia to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance a* aforesaid." This... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1891 - 1028 pages
...subsequent interest is to be computed on the balance of the principal remaining due. If the payment be lees than the interest, the surplus of interest must not...together, exceed the interest due, and then the surplus ia to be applied towards discharging the principal, and interest is to be computed on the balance as... | |
 | Leonard Augustus Jones - Mortgages - 1894 - 1000 pages
...19 NW Rep. 780; See, also, Leonard c. Villars, 23 11l. 377. balance of the principal remaining due. If the payment be less than the interest, the surplus...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." This... | |
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