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

Horatio Nelson Robinson - Arithmetic - 1875 - 462 pages
...the interest the surplus of interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period...exceed the interest due, and then the surplus is to be applicd towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - Arithmetic - 1877 - 402 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...to be applied toward discharging the principal; and interest is to be computed on the balance, as aforesaid." — KENT, CJ REM. — This rule is founded...
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Tiffany's Special Agent's and Adjusters' Assistant: Containing Numerous ...

Henry Stanton Tiffany - Fire insurance - 1887 - 466 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,...exceed the interest due, and then the surplus is to applied towards discharging the principal, and interest is to be computed on the balance. Discount....
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Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic

Joseph Ray - Arithmetic - 1880 - 420 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. 307....
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The Northwestern Reporter, Volume 15

Law reports, digests, etc - 1883 - 994 pages
...be less than the interest, the surplus of interest must not be t:ik>?n to augment the principal, but Interest continues on the former principal until the...period when the payments, taken together, exceed the intere>t due. and then the surplus is to be applifid towards discharging the principal, and the Interest...
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The Pacific Reporter, Volume 165

Law reports, digests, etc - 1917 - 1232 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...interest due. and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balmier. State of Connecticut...
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The Pacific Reporter, Volume 25

Law reports, digests, etc - 1891 - 1148 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, and the surplus is to be applied towards discharging the principal, and interest is to be computed on the...
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The Pacific Reporter, Volume 25

Law reports, digests, etc - 1891 - 1158 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 theinterest due, and the surplus is to be applied towards discharging the principal, and interest is...
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How to Become Quick at Figures: Comprising the Shortest, Quickest and Best ...

D. M. Garrett - Arithmetic - 1886 - 210 pages
...the principal ; but the interest continues on tin former principal until the period when the payments exceed 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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How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ...

D. M. Garret - Arithmetic - 1886 - 202 pages
...the principal ; but the interest continues on the former principal until the period when the payments exceed 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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