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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... "
How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ... - Page 93
by D. M. Garret - 1886 - 190 pages
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Rights, Remedies, and Practice, at Law, in Equity, and Under the ..., Volume 5

John Davison Lawson - Actions and defenses - 1890 - 944 pages
...but interest continues on the former principal until the period when the payment*, 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 '; and this rule is sustained...
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The American State Reports: Containing the Cases of General Value ..., Volume 21

Abraham Clark Freeman - Law reports, digests, etc - 1891 - 1038 pages
...the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to...be applied towards discharging the principal, and interest u to be computed on the balance as aforesaid." This rule was adopted by this court in Payne...
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A Treatise on the Law of Mortgages of Real Property, Volume 1

Leonard Augustus Jones - Mortgages - 1894 - 1000 pages
...the interest continues on the former principal until the period when the 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 as aforesaid." This is the rule generally adopted in this...
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Teachers' Manual for Teachers Using Arithmetic by Grades

John Tilden Prince - Arithmetic - 1894 - 246 pages
...but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal." Tell this to the pupils, and show how it would be applied in 7 if...
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Robinson's New Higher Arithmetic: For High Schools, Academies, and ...

Horatio Nelson Robinson - Arithmetic - 1895 - 526 pages
...the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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The New Advanced Arithmetic

John Williston Cook, Nebraska Cropsey - Arithmetic - 1896 - 452 pages
...but interest continues on the former principal until the period when the 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 as aforesaid, Illustrative Problem. A note of $850, bearing...
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The Northwestern Reporter, Volume 65

Law reports, digests, etc - 1896 - 1182 pages
...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." This Is the correct rule, and...
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Higher Book

William Seneca Sutton - 1896 - 342 pages
...the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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The Revised Statutes of the State of Utah in Force Jan. 1, 1898

Utah - Law - 1897 - 1262 pages
...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...
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The American State Reports: Containing the Cases of General Value ..., Volume 56

Abraham Clark Freeman - Law reports, digests, etc - 1897 - 1008 pages
...but interest continues on the former principal until the period when the payments, taken together, exceed the Interest due, and then the surplus Is to be applied toward discharging the principal, and interest Is to be computed on the balance. (Betcher v. Hodgman,...
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