 | 1865 - 358 σελίδες
...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 payments be less than the interest, the surplus of interest must not be taken to argument the principal... | |
 | Benjamin Vaughan Abbott, Austin Abbott - 1866 - 758 σελίδες
...then due. 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. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal ; but... | |
 | John Groesbeck - 1867 - 226 σελίδες
...interest 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 balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | Joseph Ray - 1857 - 358 σελίδες
...payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to be computed on the balance of principal remaining due. " If the payment be less than the -Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former... | |
 | John Groesbeck - 1868 - 350 σελίδες
...interest 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 balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - 1868 - 622 σελίδες
...then due. 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 the principal remaining due. If the payment be less than the interest, the surplus interest must not... | |
 | George Roberts Perkins - 1869 - 358 σελίδες
...interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...than the interest, the surplus of interest must not bt taken to augment the principal ; but interest continues on the former principal until the period... | |
 | Emerson Elbridge White - 1870 - 350 σελίδες
...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...principal remaining due. If the payment be LESS than tiie interest, the surplus of interest must not be taken to augment the principal, but interest continues... | |
 | Charles W. Langdon - 1870 - 858 σελίδες
...then due ; 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 the principal remaining. If the payment be less than the interest, the surplus of interest must not... | |
 | John Innes Clark Hare - 1871 - 952 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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... | |
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The rule for casting interest, 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 interest, the surplus goes towards discharging the principal, and the... 
