 | Isaac A. Clark - Arithmetic - 1846 - 204 pages
...remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal; but interest continues on the...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the... | |
 | James Bates Thomson - Arithmetic - 1846 - 362 pages
...due. III. " 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 lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied... | |
 | Isaac A. Clark - Arithmetic - 1846 - 218 pages
...remaining due. If the payment be less than the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal until the perioj when the payments taken together exceed the interest then di:e, and then the surplus goes towards... | |
 | James Robinson (of Boston.) - 1847 - 304 pages
...remaining due. " 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...principal ; and interest is to be computed on the balance, as aforesaid." 83. $1250.00. Boston, January 1st, 1846. For value received, I promise to pay William... | |
 | James Bates Thomson - Arithmetic - 1847 - 426 pages
...due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on...principal ; and interest is to be computed on the balance as aforesaid." Note.— The above rule is adopted by New York, Massachusetts, and most of the other... | |
 | James Bates Thomson - Arithmetic - 1847 - 432 pages
...due. III. " 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...applied towards discharging the principal ; and interest il to be computed on tlie. balance as aforesaid." Note. — The above rule is adopted by New York,... | |
 | William Vogdes - Arithmetic - 1847 - 324 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. when the payments, taken together, exceed the interest...principal ; and interest is to be computed on the balance as aforesaid. EXAMPLES. Philadelphia, November 1, 1841. 1. For value received, I promise to pay to... | |
 | Florida. Supreme Court - Law reports, digests, etc - 1848 - 786 pages
...remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on...interest is to be computed on the balance of principal as aforesaid;" and this rule is sustained by Penrose vs. Hart, 1 Dall., 378. Light foot vs. Price, 4 Hen.... | |
 | James Bates Thomson - Arithmetic - 1848 - 434 pages
...remaining due. III. "If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on...due, and then the surplus is to be applied towards discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note. —... | |
 | George Roberts Perkins - Arithmetic - 1849 - 346 pages
...remaining due. If the payment le less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on...principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* From a Latin phrase, in dorso, meaning... | |
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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... 
