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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
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

The Commercial Year Book, Τόμος 6

1901
...to the discharging of the interest then due. If the payment exceeds the interest, the surplus goe* towards discharging the principal, and the subsequent...the payment be less than the interest the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal...

Smith's Financial Dictionary

Howard Irving Smith - 1903 - 543 σελίδες
..."When partial payments have been made, apply the payment, in the first place, to the discharging 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 the interest continues on the former principal...

Principles of Law: Agency; Master and Servant; Bailments; Landlord and ...

1903
...the discharge of the interest then due. If the payment exceed the interest, the surplus goes toward discharging the principal, and the subsequent interest...the payment be less than the interest, the surplus of interest must not be '«2.1 Pa. 411 (1855). "4 Dowl. & Ry. (Enicr.) 783 (1824). "63Md. 171 (1884)....

Arithmetic for High Schools, Academies, and Normal Schools

Oscar Lynn Kelso - 1903 - 274 σελίδες
...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 the 226 interest must not be taken to augment the principal ; but interest continues on the former...

The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 800 σελίδες
...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 Business Man's Encyclopedia: a Hip-pocket Business Counsellor-- ...: 3 ...

1905
...the 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...

New York Annotated Cases: Selected from the Current Decisions of ..., Τόμος 16

1906
...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...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 Treatise on the Measure of Damages: Or, An Inquiry Into the ..., Τόμος 1

Theodore Sedgwick - 1912 - 3400 σελίδες
...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...

Annual Report of the Attorney General of the State of Michigan

Michigan. Attorney General's Office - 1914
...'When partial payments have been made, apply the payment, in the first place, to the discharging 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 the interest continues on the former principal...

Ruling Case Law: As Developed and Established by the Decisions and ..., Τόμος 15

William Mark McKinney - 1917
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...




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