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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... "
The Crittenden Commercial Arithmetic and Business Manual: Designed for the ... - Page 95
by John Groesbeck - 1868 - 348 pages
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The Business Man's Encyclopedia: A Hip-pocket Business Counsellor ...

Business - 1905 - 168 pages
...subsequent interest is to be computed on the balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must...to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and then...
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The Northwestern Reporter, Volume 108

Law reports, digests, etc - 1906 - 1266 pages
...and the subsequent interest is to be computed on the balance of principal remaining due, but whereby, if the payment be less than the interest, the surplus of interest due must not be taken to augment the principal, but interest continues on the former principal until...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Attorney General's Office - 1914 - 906 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,...
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The Pacific Reporter, Volume 165

Law reports, digests, etc - 1917 - 1336 pages
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...former principal until the period when the payments, tnken together, exceed the interest due, and then the surplus is to be applied towards discharging...
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Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Volume 3

1919 - 832 pages
...a balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...until the period when the payments, taken together, ex6eed the interest due, and then the earplug ie to be applied toward discharging the principal, and...
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The Northwestern Reporter, Volume 171

Law reports, digests, etc - 1919 - 1092 pages
...the balance of principal remaining 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 of time when the payments, taken together, exceed the interest then due, to discharge which they are...
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The New York Supplement, Volume 205

Law reports, digests, etc - 1924 - 1064 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...but interest continues on the former principal until a period when the payments, taken together, exceed the interest due, and then the surplus is to be...
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The Pacific Reporter, Volume 221

Law reports, digests, etc - 1924 - 1208 pages
...the balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal; but interest continues on the former principal uĆ¼til the period when the payments, taken together, exceed the interest due, and then the surplus...
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Book 10

United States. Supreme Court - Law reports, digests, etc - 1883 - 1186 pages
...subsequent interest is to be computed on the balance of principal remaining duo. If the payment is less than the interest, the surplus of interest must...principal ; but interest continues on the former principal un100 I til the period when the payments, taken together* exceed the interest due, and then the surplus...
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Reports of Cases Decided in the Supreme Court of the State of ..., Volume 41

North Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - Court rules - 1921 - 758 pages
...the balance of principal remaining 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 of time when the payments, taken together, exceed the interest then due to discharge which, they are...
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