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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... "
The North American Arithmetic: Part Third, for Advanced Scholars - Page 104
by Frederick Emerson - 1834 - 328 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
...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...principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...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...principal ; and interest is to be computed on the balance of principal as albresaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest...principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] Tiiis Rule contains the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 538 pages
...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. and then the surplus is W be applied towards discharging the principal ; and interest is to be computed on the balance of principal...
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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
...must not be added to the principal ; but the interest continues on the former principal, until the period when the payments taken together exceed the...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1 JCR...
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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
...not be taken to augment the principal, but the interest continues on the former principal, until the period when the payments taken together exceed the...is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni. C. on exceptions to the report of...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 282 pages
...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...principal; and Interest is to be computed on the balance of principal as aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) This Rule is founded on...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...must not betaken 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 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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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...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 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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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - Arithmetic - 1834 - 312 pages
...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...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,...
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