 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...  Stoddard's Practical Arithmetic - Page 192by John Fair Stoddard - 1852 - 299 pagesFull view - About this book
 | William Johnson - Equity - 1873 - 550 pages
...payment exceeds payments are the interest, the surplus goes towards discharging the prin- made' cipal, 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 of interest must not... | |
 | Horatio Nelson Robinson - Arithmetic - 1874 - 490 pages
...discharge o' the interest then due. II. " If the payment exceeds the interest the surplus goes to warda discharging the principal, and the subsequent interest...computed on the balance of the principal remaining due. III. '' If the payment be less than the interest the surplus of interest must not be taken to augment... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 462 pages
...the discharge of the interest then due. II. " If the payment exceeds the interest the surplus goes towards discharging the principal, and the subsequent...computed on the balance of the principal remaining due. III. '' If the payment be less than the interest the surplus of interest must not be taken to augment... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 468 pages
...the interest then due. II. " If the payment exceeds the interest the surplus goes towards dischargibg the principal, and the 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 interest must not be taken to augment... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 496 pages
...the discharge of the interest then due. II. " If the payment exceeds the interest the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the baiance of the principal remaining due III. ' If the payment be less than the interest the surplus... | |
 | Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal; but... | |
 | James E. Ryan - Arithmetic - 1877 - 212 pages
...discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...computed on the balance of the principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | Joseph Ray - Arithmetic - 1877 - 402 pages
...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 principal remaining due. " If the payment be less than the interest, the surplus of interest must not... | |
 | Joseph Ray - Arithmetic - 1880 - 420 pages
...place, to the discharge of the interest due. 2. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. 3. "If the payment be less tlian the interest, the surplus of interest must... | |
 | Law reports, digests, etc - 1883 - 994 pages
...towards discharging the 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 of interest must not betaken to augment the principal; but interest continues on the former principal until the period when... | |
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