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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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Practical Single and Double Entry Book-keeping: Commercial Calculations ...

Thomas A. Rice - 1889 - 319 σελίδες
...discharge of the interest due. 2. 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. 3. If the payment be less than the interest then due, the surplus of interest must not be taken to...

Tiffany's Digest of Depreciations, with the Addition of Numerous Tables ...

Henry Stanton Tiffany - 1890 - 76 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 is less than the interest, the surplus of interest must...

Rights, Remedies, and Practice, at Law, in Equity, and Under the ..., Τόμος 5

John Davison Lawson - 1890
...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 payments be less than the interest, the surplus of interest must...

The Northwestern Reporter, Τόμος 46

1891
...towards discharging the principal, and the subséquent interest ia to be computed on the balance of the principal remaining due. If the payment be less than...interest must not be taken to augment the principal, but the Interest continues on the former principal until the period when the payments, taken together,...

The American State Reports: Containing the Cases of General Value ..., Τόμος 21

Abraham Clark Freeman - 1891
...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...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,...

The American State Reports: Containing the Cases of General Value ..., Τόμος 21

Abraham Clark Freeman - 1891
...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 lees than the interest, the surplus of interest must...

A Treatise of the Law of Damages: Embracing an Elemantary ..., Τόμος 1

Jabez Gridley Sutherland - 1893
...discharge 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 unpaid. If the payment be less than the interest the surplus interest must not be taken...

A Treatise on the Law of Mortgages of Real Property, Τόμος 1

Leonard Augustus Jones - 1894
...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 1 United States Mortgage Co. v. Sperry, Mathews v. Toogood, 23 Neb. 536, 37 NW 138 US 313, 11 Sup....

Robinson's New Higher Arithmetic: For High Schools, Academies, and ...

Horatio Nelson Robinson - 1895 - 506 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 is less than the interest the snrplus of interest must...

Higher Book

William Seneca Sutton - 1896
...interest then due. 2. . " 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 due. 3. " If the payment be less than the interest, the surplus of interest...




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