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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... "
Reports of Cases Adjudged in the Court of Chancery of New-York - Page 23
by William Johnson - 1873
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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
...the next payment. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...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
...principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues...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 - 1832 - 538 pages
...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,...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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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest 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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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...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
...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 on...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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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...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...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
...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...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
...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." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - Arithmetic - 1834 - 300 pages
...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 on...interest is to be Computed on the balance, as aforesaid." The interest on the following notes, must be computed by the above legal rule. (116.) Washington, March...
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