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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

McKinney's Consolidated Laws of New York Annotated: With ..., Βιβλίο 19

New York (State), William Mark McKinney - 1917
...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...

Reports of Cases Decided in the Supreme Court of the State of Oregon, Τόμος 82

Oregon. Supreme Court, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, William Wallace Thayer, Frank A. Turner, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Bellinger, Charles Byron - 1917
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...

The Northwestern Reporter, Τόμος 171

1919
...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 the interest must not be taken to augment the principal; but Interest continues on the former principal...

Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Τόμος 3

1919
...goes toward discharging the principal, and the subsequent interest is to be computed on a 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...

Burgess' Commercial Law: A Text Book for All Classes of Schools and Colleges ...

Kenneth Farwell Burgess, James A. Lyons - 1921 - 392 σελίδες
...rule is as follows: "When a partial payment is made, apply the payment in the first place to discharge the interest then due. If the payment exceeds the...the payment be less than the interest, the surplus of the interest must not be taken to increase the principal; but interest continues on the former principal...

Reports of Cases Decided in the Supreme Court of the State of ..., Τόμος 41

North Dakota. Supreme Court, Edgar Whittlesey Camp, Robert Dimon Hoskins, John McDowell Cochrane, Joseph Coghlan, Robert Milligan Carothers, Ames Francis Wilbur, Hiram A. Libby, Edwin James Taylor - 1921
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...

Reports of the Tax Court of the United States, Τόμος 2

United States. Tax Court - 1943
...follows: "When partial payments have been made, 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 the interest continues on the former principal...

Wisconsin Reports: Cases Determined in the Supreme Court of Wisconsin, Τόμος 58

Wisconsin. Supreme Court, Abram Daniel Smith, Philip Loring Spooner, Obadiah Milton Conover, Frederic King Conover, Frederick William Arthur, Frederick C. Seibold - 1884
...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...

Minnesota Reports: Cases Argued and Determined in the Supreme ..., Τόμος 63

Minnesota. Supreme Court - 1897
...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...




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