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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
1852
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 348 σελίδες
...exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he 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...

Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 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. If the payment be less than the interest, the surplus of interest must not...

Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...interest then 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 the principal remaining due." III. "If the payment be less than the interest, the surplus of the interest...

Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court - 1860 - 688 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...taken to augment the principal, but interest continues upon the former principal until the period when the payments, taken together, exceed the interest due,...

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 σελίδες
...interest then due. II. " If tJte payment exceeds Ike 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...

Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 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 sum remaining unpaid. If the payment be less than the interest due, the surplus of interest...

Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 778 σελίδες
...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 computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not...

The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 σελίδες
...the interest then 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 the principal remaining due. III. '' If the payment be less than the interest the surplus of the interest...

Reports of Cases Argued and Determined in the Court of ..., Σελίδα 10,Τόμος 2

Alonzo Christopher Paige - 1864 - 828 σελίδες
...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...the payment be less than the interest, the surplus interest must not be taken to augment tha principal ; but interest continues on the former principal...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 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...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...




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