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" 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 until the period when the payments, taken together, exceed the interest due... "
Merchants' Magazine and Commercial Review - Σελίδα 172
των Freeman Hunt, William B. Dana - 1852
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Smith's Financial Dictionary

Howard Irving Smith - 1903 - 543 σελίδες
...of the interest 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 of interest must...

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

1903
...discharge of the interest then due. If the payment exceed the interest, the surplus goes toward 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 of interest must...

The Business Man's Encyclopedia: a Hip-pocket Business Counsellor-- ...: 3 ...

1905
...of the interest 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 is less than the interest, the surplus of interest must...

The Northwestern Reporter, Τόμος 108

1906
...the interest then due, and. 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, but whereby, if the payment be less than the interest, the surplus of interest due must not be taken...

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

1906
...of the interest 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 of interest must...

Reports of Cases Determined in the Supreme Court of the Territory ..., Τόμος 13

New Mexico. Supreme Court - 1908
...of the interest 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. Such was the rule employed in computing interest on the note involved...

United States Supreme Court Reports, Τόμος 10

United States. Supreme Court - 1911
...of the Interest then due. If the payment exceeds the Interest, the surplus goes towards discharging the principal, and the subsequent Interest Is to be...balance of principal remaining due. If the payment Is less than the Interest, the surplus of Interest must not lie taken to augment the principal ; hut...

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

William Mark McKinney - 1917
...of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...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...

Annual Report of the Attorney General of the State of Michigan

Michigan. Attorney General's Office - 1914
...of the interest 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 of interest must...

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
...of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be...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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