 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
 | International Correspondence Schools - Administrators - 1903 - 650 pages
...(1884). »»25Pac. Rep. 93 (1890). ' » 9 Wheat. (US) 787 (18M). 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 of principal as aforesaid." 20. Effect of Partial Payments.... | |
 | John Williston Cook, Nebraska C. Cropsey - Arithmetic - 1903 - 408 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining dueinterest continues on the former principal until the period...to be applied toward discharging the principal; and interest is to be computed on the balance as aforesaid. JVote. The time periods for the United States... | |
 | Oscar Lynn Kelso - Arithmetic - 1903 - 302 pages
...than the interest, the surplus of the 226 interest must not be taken to augment the principal ; but interest continues on the former principal until the...when the payments taken together exceed the interest then due, and then the surplus is to be applied towards discharging the principal ; and the interest... | |
 | Edward Voigt, Charles Voigt - Commercial law - 1904 - 836 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...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
...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. Interest Laws and... | |
 | 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...to be applied toward discharging the principal; and interest is to be computed on the balance as aforesaid. Note. The time periods for the United States... | |
 | Law reports, digests, etc - 1906 - 1266 pages
...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 the...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance. [Ed. Note. — For... | |
 | Wayland Everett Benjamin - Annotations and citations (Law) - 1906 - 602 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." INTEREST... | |
 | George Soulé - Business mathematics - 1910 - 1042 pages
...be less than the iuterest, 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. [See... | |
 | United States. Supreme Court - Law reports, digests, etc - 1911 - 1132 pages
...to augment the principal ; hut interest continuos on iho former principal untn the period traen toe 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. Slate of Connecticut... | |
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