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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, and then the surplus... "
Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ... - Page 263
by James Bates Thomson - 1862 - 422 pages
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - Civil procedure - 1818 - 706 pages
...principal remaining due, to the next payment. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as albresaid." [Johnson's...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal;...continues on the former principal until the period whett the payments, taken together, exceed the interest due, and then the surplus is to be applied...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 538 pages
...on the balance of principal remaining due. 'If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due....
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest continues on the former principal, until...then the surplus is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni. C. on exceptions...
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volume 7

New York (State). Court of Chancery, William Johnson - Equity - 1824 - 748 pages
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 282 pages
...on the balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not be taken to augment the principal,...then the surplus is to be applied towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid." (Johnson's...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...interest due ; and then the surplus is to be applied toward discharging the principal, and interest is to be computed on the balance of principal as aforesaid."...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 540 pages
...on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance of principal as aforesaid."...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...principal remaining due. If the payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance of principal as aforesaid."...
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