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" 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 192
by William Seneca Sutton - 1896
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A Theoretical and Practical Arithmetic ...

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."...
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Digest of the Laws of California: Containing All Laws of a General Character ...

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...
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Practical Arithmetic, by Induction and Analysis

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;...
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

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."...
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The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

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."...
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Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

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....
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 9

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...
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Mortgages in California: A Practical Essay

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...
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Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

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,...
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Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

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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