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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
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

A Compendium of Commercial Law: Analytically and Topically Arranged, with ...

Calvin Townsend - 1871 - 587 σελίδες
...the interest then due. 2. 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. 3. If the payment be less than the interest, the surplus of interest must not be taken to augment the...

Crittenden Commercial Arithmetic ...

John Groesbeck - 1872
...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...

Common School Arithmetic on the Analytic System: With an Appendix of the ...

Shelton Palmer Sanford - 1872 - 373 σελίδες
...tJie interest then due. II. ulf tJie 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 due. III. "If the payment be less than the interest, the surplus of interest...

Reports of Cases Adjudged in the Court of Chancery of New-York, Τόμοι 1-7

William Johnson, New York (State). Court of Chancery - 1873
...payment exceeds payments are the interest, the surplus goes towards discharging the prin- made' cipal, and the subsequent interest is to be computed on the...interest, the surplus of interest must not be *taken [ * 18 ] 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...balan.ce of principal remaining due. If the payment lie LESS than tiie interest, tlte surplus of interest must not be taken to augment the principal, but...

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

John Groesbeck - 1873 - 348 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...

THE AMERICAN COMMERICIAL ARITHMETIC

T.A. BRYCE - 1873
...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...

The Principles of Arithmetic ...

Joseph Ray - 1856
...of the interest then due; if the payment EXCEEDS '"the Merest, the surplus 'goes toward dischdg'ging the principal, and the subsequent interest is to be computed on the bqlance of principal remaining due. *' "If the payment be LESJS tJxtn the interest, the surplus' of...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 456 σελίδες
...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...interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period when the payments, taken together,...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 456 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 interest...




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