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" If the payment be less than the Interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due... "
Stoddard's Practical Arithmetic - Σελίδα 192
των John Fair Stoddard - 1852 - 299 σελίδες
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

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...towards 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 bt taken to augment the principal ; but interest continues on the former principal until the period...

Treatise on the Civil and Criminal Jurisdiction of Justices of the Peace and ...

Charles W. Langdon - 1870 - 858 σελίδες
...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...computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not be taken to augment the...

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Emerson Elbridge White - 1870 - 350 σελίδες
...the discharge of the interest then due. 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 tiie interest, the surplus of interest must not...

A Compendium of Commercial Law: Analytically and Topically Arranged, with ...

Calvin Townsend - 1871 - 620 σελίδες
...to the discharge of the interest then due. 2. 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 due. 3. If the payment be less than the interest, the surplus of interest must...

American Leading Cases: Being Select Decisions of American Courts ..., Τόμος 1

John Innes Clark Hare - 1871 - 952 σελίδες
...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 due. If the payment be less than the interest, the surplus of interest must not...

The Crittendon Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1871 - 370 σελίδες
...place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed cm the balance of principal remaining due. III. If the payment be less than the interest, the surplus...

Common School Arithmetic on the Analytic System: With an Appendix of the ...

Shelton Palmer Sanford - 1872 - 404 σελίδες
...discharge of tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...computed on the balance of the principal remaining due. III. "If the payment be less than the interest, the surplus of interest must not be taken to augment...

Crittenden Commercial Arithmetic ...

John Groesbeck - 1872 - 374 σελίδες
...place, to the discharge of the interest due. II. 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 due. III. If the payment be less than the interest, the surplus of interest must...

The Crittendon Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1873 - 376 σελίδες
...place, to the discharge of the interest due. II. 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 due. III. If the payment be less than the interest, the surplus of interest must...

The Principles of Arithmetic ...

Joseph Ray - 1856 - 400 σελίδες
...of the interest then due; if the payment EXCEEDS '"the Merest, the surplus 'goes toward dischdg'ging the principal, and the subsequent interest is to be computed on the bqlance of principal remaining due. *' "If the payment be LESJS tJxtn the interest, the surplus' of...




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