 | Law reports, digests, etc - 1891 - 1158 pages
...the former principal until the period when the payments, taken together, exceed theinterest due, and the surplus is to be applied towards discharging the...interest is to be computed on the balance, as aforesaid." This rule is generally adopted by modern authority, and in some states of the Union has been confirmed... | |
 | 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. — The above is the decision of Chancellor... | |
 | 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. — The above is the decision of Chancellor... | |
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...principal; but interest continues on the former principal until the period 1rhen the payments, tal•en 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 a9 aforesaid. 1. A... | |
 | Thomas A. Rice - Accounting - 1889 - 364 pages
...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 is to be applied 294 towards discharging the principal, and interest is to be computed on the balance as aforesaid.... | |
 | Henry Stanton Tiffany - Depreciation - 1890 - 96 pages
...interest must not be taken to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the...principal, and interest is to be computed on the balance. Discount. Discount is an allowance made for the payment of money before it becomes due, and is either... | |
 | John Davison Lawson - Actions and defenses - 1890 - 944 pages
...augment the principal; but interest continues on the former principal until the period when the payment*, taken together, exceed the interest due; and then...principal, and interest is to be computed on the balance of principal, as aforesaid '; and this rule is sustained by Penrose v. Hart, I Dall. 378; Lightfoot... | |
 | Law reports, digests, etc - 1891 - 1266 pages
...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...principal, and interest is to be computed on the balance a* aforesaid." This rule was adopted by this court in Payne v. Avery, 21 Mich. 524, and Is the rule... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1891 - 1038 pages
...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...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 v. Avery,... | |
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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... 
