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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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The Northwestern Reporter, Τόμος 171

1919
...the balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...continues on the former principal until the period of time when the payments, taken together, exceed the interest then due, to discharge which they are...

Burgess' Commercial Law: A Text Book for All Classes of Schools and Colleges ...

Kenneth Farwell Burgess, James A. Lyons - 1921 - 392 σελίδες
...If the payment be less than the interest, the surplus of the interest must not be taken to increase the principal; but interest continues on the former...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed thereafter on the balance."! * The...

Ruling Case Law: As Developed and Established by the Decisions and ..., Τόμος 21

William Mark McKinney - 1918
...the interest, the balance of interest is not to be added to the principal so as to produce interest,' but interest continues on the former principal until...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.' This...

Reports of Cases Argued and Decided in the Supreme Court of the ..., Βιβλίο 10

United States. Supreme Court - 1883
...subsequent interest is to be computed on the balance of principal remaining duo. If the payment is less than the interest, the surplus of interest must...principal ; but interest continues on the former principal un100 I til the period when the payments, taken together* exceed the interest due, and then the surplus...

Reports of Cases Decided in the Supreme Court of the State of ..., Τόμος 41

North Dakota. Supreme Court, Edgar Whittlesey Camp, Robert Dimon Hoskins, John McDowell Cochrane, Joseph Coghlan, Robert Milligan Carothers, Ames Francis Wilbur, Hiram A. Libby, Edwin James Taylor - 1921
...the balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...continues on the former principal until the period of time when the payments, taken together, exceed the interest then due to discharge which, they are...

Wisconsin Reports: Cases Determined in the Supreme Court of Wisconsin, Τόμος 58

Wisconsin. Supreme Court, Abram Daniel Smith, Philip Loring Spooner, Obadiah Milton Conover, Frederic King Conover, Frederick William Arthur, Frederick C. Seibold - 1884
...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...to augment the principal, but interest continues on Case vs. Fish and others. the former principal until the period when the payments, taken together,...

Practical Arithmetic, by Induction and Analysis, Βιβλίο 3

Joseph Ray - 1857 - 320 σελίδες
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int continues on the former principal, until the period when the payments, taken together, exceed the Int. due, and then the surplus is to be applied toward discharging the principal; and Int is to be...




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