 | James Bates Thomson - Arithmetic - 1860 - 440 pages
...payment, in the first place, to the discharge of the interest then due. II. " If tJte payment exceeds Ike interest, the surplus goes towards discharging the...computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | James De Fremery - Mortgages - 1860 - 118 pages
...apply the payment in the first place to the discharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging...subsequent interest is to be computed on the balance of the principal sum remaining unpaid. If the payment be less than the interest due, the surplus of interest... | |
 | Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...payment, in the first place, to the discharge of the interest then due. II. " If the payment exceeds the interest the surplus goes towards discharging...subsequent interest is to be computed on the balance of the principal remaining due. III. '' If the payment be less than the interest the surplus of the interest... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...the discharge of the interest then due ; if the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...the payment be less than the interest, the surplus interest must not be taken to augment tha principal ; but interest continues on the former principal... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 808 pages
...the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging...balance of principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal; but... | |
 | George Roberts Perkins - Arithmetic - 1865 - 360 pages
...indorsements,* the rule adopted by the Supreme Court of the United States is as follows : > RULE. " The rule for casting interest, when partial payments have been...discharging the principal, and the subsequent interest is to le computed on the balance of principal remaining due. If the payment be less than the interest, the... | |
 | Law - 1865 - 358 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...on the balance of principal remaining due. If the payments be less than the interest, the surplus of interest must not be taken to argument the principal... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging...balance of principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal ; but... | |
 | John Groesbeck - Arithmetic - 1867 - 226 pages
...apply the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging...computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
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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... 
