 | Leonard Augustus Jones - Mortgages - 1894 - 1000 pages
...19 NW Rep. 780; See, also, Leonard c. Villars, 23 11l. 377. balance of the principal remaining due. If the payment be less than the interest, the surplus...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | William Seneca Sutton - 1896 - 342 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. 3. " If the payment be less than the interest, the surplus...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | Law reports, digests, etc - 1896 - 1182 pages
...balance of the principal remninmg due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...continues on the former principal until the period when payments, taken together, exceed the interest clue, and then the surplus is to be applied towards discharging... | |
 | James Schouler - Personal property - 1896 - 848 pages
...the interest due, not to take the surplus of interest to augment the principal, but cast the interest on the former principal until the period when the payments taken together exceed the interest due.2 This rule is fairer to the lender than the rule of compound interest, and is preferred both in... | |
 | Utah - Law - 1897 - 1262 pages
...discharging the principal; if the payment be less than the interest, the surplus of the interest due must not be taken to augment the 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... | |
 | Commerce - 1901 - 620 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest the surplus...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | Oscar Lynn Kelso - Arithmetic - 1903 - 302 pages
...balance of principal remaining due. If the payment be less than the interest, the surplus of the 226 interest must not be taken to augment the principal...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... | |
 | Howard Irving Smith - Finance - 1903 - 560 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest the surplus...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | International Correspondence Schools - Administrators - 1903 - 650 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be '«2.1 Pa. 411 (1855). "4 Dowl. & Ry. (Enicr.) 783 (1824). "63Md. 171 (1884). »»25Pac. Rep. 93 (1890).... | |
 | Edward Voigt, Charles Voigt - Commercial law - 1904 - 836 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...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... | |
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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 the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the... 
