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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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Reports of Cases Adjudged in the Court of Chancery of New-York, Τόμοι 1-7

William Johnson, New York (State). Court of Chancery - 1873
...made' cipal, 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 be *taken [ * 18 ] to augment the principal ; but interest continues on the former principal until the period...

A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - 1870 - 340 σελίδες
...computed on the balan.ce of principal remaining due. If the payment lie LESS than tiie interest, tlte surplus of interest must not be taken to augment the principal, but interest co)itinues on the former principal until the period when the payments, taken together, exceed the interest...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 456 σελίδες
...the interest the surplus of interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period...exceed the interest due, and then the surplus is to be applicd towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 456 σελίδες
...and the 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...interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period when the payments, taken together,...

Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - 1877 - 336 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...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." —...

The Standard Arithmetic: For Schools of All Grades and for Business Purposes ..

James E. Ryan - 1877
...and the 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...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,...

Tiffany's Special Agent's and Adjusters' Assistant: Containing Numerous ...

Henry Stanton Tiffany - 1887 - 437 σελίδες
...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...to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and then...

Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic

Joseph Ray - 1880 - 408 σελίδες
...interest is to be computed on the balance of principal remaining due. 3. "If the payment be less tlian the interest, the surplus of interest must not be...continues on the former principal until the period wJien the payments, taken together, exceed the interest due, and then tJte surplus is to be applied...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 360 σελίδες
...principal, and the subsequent interest is to be computed mi 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 the interest is to be computed on the balance, as aforesaid....

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 360 σελίδες
...principal, and the subsequeitt 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 ivhen the payments, taken together, exceed the interest due, and then the surplus is to be applied...




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