 | Whitman Peck - 1868 - 304 sider
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...balance of principal remaining due. If the payment is less than the interest, the surplus of the interest must not be taken to augment the .principal,... | |
 | Joseph Ray - 1857 - 358 sider
...payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to be computed on the balance of principal remaining due. " If the payment be less than the -Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former... | |
 | Charles W. Langdon - 1870 - 858 sider
...which have been made partial payments after maturity, the proper method of computing interest, is to apply the payment in the first place to the discharge...subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not... | |
 | Emerson Elbridge White - 1870 - 350 sider
...the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes toward discharging the principal, and the subsequent interest...principal remaining due. If the payment be LESS than tiie interest, the surplus of interest must not be taken to augment the principal, but interest continues... | |
 | Calvin Townsend - 1871 - 620 sider
...have been made, apply the payment, in the first place, to the discharge of the interest then due. 2. If the payment exceeds the interest, the surplus goes...computed on the balance of principal remaining due. 3. If the payment be less than the interest, the surplus of interest must not be taken to augment the... | |
 | John Groesbeck - 1871 - 370 sider
...have been made, is to apply the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes...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... | |
 | John Groesbeck - 1872 - 374 sider
...have been made, is to apply the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes...computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | Shelton Palmer Sanford - 1872 - 404 sider
...discharge of tJie interest then due. II. ulf tJie payment exceeds the interest, the surplus goes toward discharging the principal, 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 of interest... | |
 | T. A. Bryce - 1873 - 370 sider
...interest upon bonds, notes, or other obligations, upon wMch partial payments have been made, is to apply the payment, in the first place, to the discharge...subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must... | |
 | John Groesbeck - 1873 - 376 sider
...have been made, is to apply the payment, in the first place, to the discharge of the interest due. II. If the payment exceeds the interest, the surplus goes...computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
| |
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... 
