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" 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. If the payment be less than the interest, the surplus of interest must not... "
An historical treatise on the practice of the Court of Chancery of the State ... - Σελίδα 265
των Dominick T. Blake - 1818 - 650 σελίδες
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A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 360 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...not be taken to augment the principal, but interest continuen on the former principal until the period when the payments, taken together, exceed the interest...

The Northwestern Reporter, Τόμος 15

1883
...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 betaken to augment the principal; but interest continues on the former principal until the period when...

The Pacific Reporter, Τόμος 25

1891
...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, and the surplus is to be applied towards discharging the principal, and interest is to be computed on the...

The Pacific Reporter, Τόμος 25

1891
...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...the period when the payments, taken together, exceed theinterest due, and the surplus is to be applied towards discharging the principal, and interest is...

How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ...

D. M. Garrett - 1886 - 200 σελίδες
...than the interest, the surplus of the interest must not be taken to augment the principal ; but the interest continues on the former principal until the period when the payments exceed the interest due, and then the surplus is to be applied towards discharging the principal, and...

The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 404 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...continues on the former principal until the period 1rhen the payments, tal•en together, exceed the interest due, and then the surplus is to be applied...

Reports of Cases Determined in the Supreme Court of the State of ..., Τόμος 3

California. Supreme Court - 1888
...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...payments, taken together, exceed the interest due." It seems, however, from the evidence, that a different mode of computing interest is common among merchants....

City Court Reports

New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889
...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...interest due, and then the surplus is to be applied toward discharging the principal, and interest is to be computed on the balance of the principal as...

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

Thomas A. Rice - 1889 - 319 σελίδες
...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 augment...interest due, and then the surplus is to be applied 294 towards discharging the principal, and interest is to be computed on the balance as aforesaid....

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

John Davison Lawson - 1890
...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...on the former principal until the period when the payment*, taken together, exceed the interest due; and then the surplus is to be applied towards discharging...




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