 | George Roberts Perkins - 1841 - 274 σελίδες
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal;...principal; and interest is to be computed on the balance, as aforesaid." Examples.' UTICA, Nov. 1, 1837. The following endorsements were made on this note: 1838,... | |
 | William Ruger - 1841 - 268 σελίδες
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal,...on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | W. F. Walker - 1841 - 246 σελίδες
...computed on th& balance of principal 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 ons the former principal, until the period when the payments taken together exceed the interest due,... | |
 | Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1J.... | |
 | Horatio Nelson Robinson - 1845 - 310 σελίδες
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...interest due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule... | |
 | James Bates Thomson - 1846 - 402 σελίδες
...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 the principal...principal ; and interest is to be computed on the balance, as aforesaid." Note. — The above rule is adopted by Massachusetts, New York, and the other States... | |
 | James Bates Thomson - 1846 - 354 σελίδες
...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 the principal...principal ; and interest is to be computed on the balance, as aforesaid)' Note. — The above rule is adopted by Massachusetts, New York, and the other States... | |
 | George Roberts Perkins - 1846 - 266 σελίδες
...computed on the balance of principal remaining due.. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...principal ; and interest is to be computed on the balance, as aforesaid. By whom was the above rule given ? You first compute the interest on the note from the... | |
 | Frederick Emerson - 1846 - 318 σελίδες
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal;...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed... | |
 | Isaac A. Clark - 1846 - 204 σελίδες
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...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... | |
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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... 
