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" 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... "
A Practical and Theoretical System of Arithmetic: Containing Several New ... - Seite 124
von George Willson - 1836 - 192 Seiten
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McKinney's Consolidated Laws of New York Annotated: With ..., Bücher 19

New York (State) - 1917 - 360 Seiten
...towards discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than...the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the...
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Reports of Cases Argued and Determined in the Supreme Court of the ..., Band 82

Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1917 - 830 Seiten
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...
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Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Band 3

1919 - 832 Seiten
...the surplus goes toward discharging the principal, and the subsequent interest is to be computed on a 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...
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Burgess' Commercial Law: A Text Book for All Classes of Schools and Colleges ...

Kenneth Farwell Burgess, James A. Lyons - 1921 - 412 Seiten
...towards discharging the principal and the 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 the interest must not be taken to increase the principal; but interest continues on the former principal...
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The New York Supplement, Band 205

1924 - 1064 Seiten
...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...the principal, but interest continues on the former principal until a period when the payments, taken together, exceed the interest due, and then the surplus...
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The Pacific Reporter, Band 221

1924 - 1208 Seiten
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Bücher 10

United States. Supreme Court - 1883 - 1186 Seiten
...subsequent interest is to be computed on the balance of principal remaining duo. If the payment is less than the interest, the surplus of interest must...the principal ; but interest continues on the former principal un100 I til the period when the payments, taken together* exceed the interest due, and then...
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Reports of Cases Decided in the Supreme Court of the State of North ..., Band 41

North Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - 1921 - 758 Seiten
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...
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American law reports annotated, Band 37

1925 - 1624 Seiten
...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 the interest must not be taken to augment the principal; but interest continues on the former principal...
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Minnesota Reports: Cases Argued and Determined in the Supreme Court ..., Band 63

Minnesota. Supreme Court - 1897 - 608 Seiten
...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...the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the...
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