 | James Bates Thomson - 1846 - 362 σελίδες
...been made, is to apply the payment, in the first place, to the discharge of the interest then dzie. II. " If the payment exceeds the interest, the surplus...continues on the former principal until the period lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied... | |
 | Frederick Emerson - 1846 - 318 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed... | |
 | Isaac A. Clark - 1846 - 204 σελίδες
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the... | |
 | Isaac A. Clark - 1846 - 218 σελίδες
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus interest must not be taken to augment the principal;...interest continues on the former principal until the perioj when the payments taken together exceed the interest then di:e, and then the surplus goes towards... | |
 | George Roberts Perkins - 1849 - 356 σελίδες
...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...until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal... | |
 | Thomas Rainey - 1849 - 320 σελίδες
...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...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due,... | |
 | George Roberts Perkins - 1850 - 356 σελίδες
...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...until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal... | |
 | George Roberts Perkins - 1851 - 356 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not IK; taken to augment the principal; but interest continues on the former principal until the period... | |
 | John Fair Stoddard - 1852 - 320 σελίδες
...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...payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - 780 σελίδες
...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 be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
| |
If the payment be less than the Interest, the surplus of 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, exceed the interest due, and then the... 
