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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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A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 1

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 790 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...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...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...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...

Reports of Cases Argued and Determined in the Court of ..., Σελίδα 10,Τόμος 2

Alonzo Christopher Paige - 1864 - 828 σελίδες
...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 interest must not be taken to augment tha principal ; but interest continues on the former principal...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1865 - 360 σελίδες
...towards discharging the principal, and the subsequent interest is to le computed on the balance of principal remaining due. If the payment be less than...the interest, the surplus of interest must not be takcn to augment the principal ; but interest continues on the former principal until the period when...

Upper Canada Law Journal, Τόμος 1

1865 - 358 σελίδες
...the subsequent interest is to be computed on the balance of principal remaining due. If the payments be less than the interest, the surplus of interest must not be taken to argument the principal ; but interest continues on the former principal until the period when the payments,...

Clerks' and Conveyancers' Assistant: A Collection of Forms of Conveyancing ...

Benjamin Vaughan Abbott, Austin Abbott - 1866 - 758 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...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...

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

John Groesbeck - 1867 - 226 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, and...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 28

Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - 1868 - 622 σελίδες
...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 payment be less than the interest, the surplus interest must not be taken to augment the principal ; but interest continues on the former principal...

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

John Groesbeck - 1868 - 350 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, and...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 358 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....




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