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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... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Σελίδα 132
των George Roberts Perkins - 1851 - 342 σελίδες
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1834 - 340 σελίδες
...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...but interest continues on the former principal until 4he period when the payments, taken together, exceed the interest due, and then the surplus is to be...

Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 σελίδες
...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...until the period when the payments taken together exceed the interest due." Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff,...

The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - 1857 - 338 σελίδες
...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 the interest must not be taken to augment the principal ; but interest continues on the former principal...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 348 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 it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;...

Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...of the principal remaining due." III. "If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal,...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal, and...

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 σελίδες
...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...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards .discharging the principal ;...

Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 σελίδες
...on the balance of the principal sum remaining unpaid. If the payment be less than the interest due, the surplus of interest must not be taken to augment...until the period when the payments, taken together, exceed the interest due. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless...

Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court - 1860 - 688 σελίδες
...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...taken to augment the principal, but interest continues upon the former principal until the period when the payments, taken together, exceed the interest due,...

The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 σελίδες
...less than the interest the surplus of the interest must be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal, and...

Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

James Bates Thomson - 1862 - 436 σελίδες
...balance of principal remaining due. III., " If the payment be less than the interest, the surplus nj interest must not be taken to augment the principal...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging tJie principal ;...




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