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" 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 is to be applied towards discharging... "
The Prussian Calculator: By which All Business Calculations are Performed by ... - Σελίδα 38
των Isaac A. Clark - 1846 - 191 σελίδες
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Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court, William Penn Clarke, Thomas Foster Withrow, Edward Holcomb Stiles, Ezra Christian Ebersole, John S. Runnells, B. W. Hight - 1860
...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 be taken to augment the principal, but interest continues upon the former principal...

Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 332 σελίδες
...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 be taken to augment the principal ; but interest continues on the former principal...

Reports of Cases Argued and Determined in the Court of Chancery of ..., Τόμος 2

Alonzo Christopher Paige - 1864
...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 surplus interest must not be taken to augment tha principal ; but interest continues on the former principal until the period when the payments taken...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 1

Benjamin Vaughan Abbott, Austin Abbott - 1864
...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 be taken to augment the principal, but interest continues on the former principal...

American Leading Cases: Being Select Decisions of American Courts ..., Τόμος 1

John Innes Clark Hare, Horace Binney Wallace - 1871
...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 be taken to augment the principal ; but interest, continues on the former principal...

THE AMERICAN COMMERICIAL ARITHMETIC

T.A. BRYCE - 1873
...wMch partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the...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...

Tiffany's Special Agent's and Adjusters' Assistant: Containing Numerous ...

Henry Stanton Tiffany - 1887 - 437 σελίδες
...when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the...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...

Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - 1877 - 336 σελίδες
...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 be taken to augment the principal, but interest continues on the former principal,...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 360 σελίδες
...goes toward discharging the principal, and the subsequent interest is to be computed mi 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, but interest continues on the former principal...

The Northwestern Reporter, Τόμος 15

1883
...d:*chaniing the principal, and the subsequent interest is to bo computed on the balance of princip-il remaining due. If the payment be less than the interest, the surplus of interest must not be t:ik>?n to augment the principal, but Interest continues on the former principal...




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