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
| Daniel Leach - 1857 - 314 pages
...the payment be less than the interest, the surplus must not be taken to augment the principal; but **interest continues on the former principal until the...exceed the interest due, and then the surplus is to be** dpplied towards discharging the principal, and interest is to be computed on the^alance, as aforesaid."... | |
| William H. R. Wood - Law - 1857 - 834 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal, but ** ** Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest... | |
| Joseph Ray - Arithmetic - 1857 - 348 pages
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. **continues on the former principal, until the period when the payments, taken** it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;... | |
| Silas Lawrence Loomis - Arithmetic - 1859 - 324 pages
...less than the interest, the surplus of the 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 the interest is to be computed on the balance as aforesaid."... | |
| Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...principal remaining due. III. '' If the payment be less than the interest the surplus of the interest must **be taken to augment the principal, but the interest...interest due, and then the surplus is to be applied** towards discharging the principal, and the . interest is to be computed on the balance as aforesaid."... | |
| James Bates Thomson - Arithmetic - 1860 - 446 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 it to be computed on the balance as aforesaid." Note.... | |
| Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...interest, the surplus of interest must not be taken to augment the principal, but interest continues upon **the 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, as aforesaid." This... | |
| James De Fremery - Mortgages - 1860 - 118 pages
...less than the interest due, 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.** Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of... | |
| Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 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** equal or exceed the interest due, and then the surplus is to be applied toward discharging the principal,... | |
| James Bates Thomson - Arithmetic - 1862 - 430 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...together, exceed the interest due, and then the surplus** w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as... | |
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