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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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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1865 - 347 σελίδες
...interest, the surplus goes towards discharging the principal, and the subsequent interest is to le computed on the balance of principal remaining due....the interest, the surplus of interest must not be takcn to augment the principal ; but interest continues on the former principal until the period when...

Upper Canada Law Journal, Τόμος 1

1865
...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...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...

Clerks' and Conveyancers' Assistant: A Collection of Forms of Conveyancing ...

Benjamin Vaughan Abbott, Austin Abbott - 1866 - 702 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...

The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1867 - 216 σελίδες
...of the 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...

Practical Arithmetic: By Induction and Analysis

Joseph Ray - 1857 - 320 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...

THE CRITTENDEN COMMERCIAL ARITHMETIC AND BUSINESS MANUAL

JOHN GROESBECK, - 1868
...of the 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...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 28

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
...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 interest must not...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1869 - 347 σελίδες
...of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be...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...

A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - 1870 - 340 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...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...

Treatise on the Civil and Criminal Jurisdiction of Justices of the Peace and ...

1870 - 850 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...




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