 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
 | John Tilden Prince - Arithmetic - 1894 - 246 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...is to be applied toward discharging the principal." Tell this to the pupils, and show how it would be applied in 7 if the payment made Sept. 25 had been... | |
 | John Williston Cook, Nebraska Cropsey - Arithmetic - 1896 - 454 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...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, Illustrative... | |
 | Law reports, digests, etc - 1896 - 1182 pages
...taken to augment the principal; but Interest continues on the former principal until the period when payments, 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."... | |
 | James Schouler - Personal property - 1896 - 848 pages
...the interest due, not to take the surplus of interest to augment the principal, but cast the interest on the former principal until the period when the payments taken together exceed the interest due.2 This rule is fairer to the lender than the rule of compound interest, and is preferred both in... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1897 - 1006 pages
...Is 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...to be applied toward discharging the principal, and interest is to be computed on the balance. Controversy over the method of computing interest. There... | |
 | Utah - Law - 1897 - 1262 pages
...the principal, but interest continues on the former principal until tinperiod when the payments token together exceed the interest due. and then the surplus...is to be applied toward discharging the principal. Perry v. Taylor, 1 U. №. Where the evidence in tinrecord is not sufficient to justify the computation... | |
 | Commerce - 1901 - 620 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...taken together, exceed the interest due, and then t he surplus is to be applied towards discharging the principal, and interest is to be computed on... | |
 | Eugene L. Dubbs - Arithmetic - 1901 - 462 pages
...is 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...be applied toward discharging the principal ; and interest is to be computed on the balance as aforesaid. — KENT. REMARK. This rule is founded upon... | |
 | Howard Irving Smith - Finance - 1903 - 564 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 is to be computed on the balance as aforesaid." A compound... | |
 | Joseph Ray - Arithmetic - 1903 - 364 pages
...is less than the interest, the surplus of interest must not be taken to augment the principal, but interest continues on the former principal, until...be applied toward discharging the principal ; and interest is to be computed on the balance, as aforesaid." — KENT. NOTE. — This rule is founded... | |
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