 | James Bates Thomson - 1848 - 434 σελίδες
...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...due, and then the surplus is to be applied towards discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note. —... | |
 | Thomas Rainey - 1849 - 334 σελίδες
...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 must...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance as aforesaid." A.... | |
 | George Roberts Perkins - 1849 - 344 σελίδες
...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...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
...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 must...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
...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...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... | |
 | 1852 - 780 σελίδες
...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...principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from... | |
 | 1852 - 780 σελίδες
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues...principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from... | |
 | John Fair Stoddard - 1852 - 320 σελίδες
...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...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
...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 not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,... | |
 | Charles D. Lawrence - 1854 - 336 σελίδες
...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...towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New York, and... | |
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... apply the payment, in the first place, to the discharge 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 principal remaining... 
