 | 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...interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their accounts to state... | |
 | 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...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1 JCR... | |
 | 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... | |
 | William Ruger - Arithmetic - 1832 - 282 pages
...computed 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 is to be computed on the balance of principal as aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) This Rule is founded on the following principles:... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...computed 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."... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...computed 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;...principal; and 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.)... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...computed 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...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...computed 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 is to be computed on the balance of principal as aforesaid." The State of Connecticut v. Jackson, 1 Johns. Ch. R. 13. The rule of computing interest... | |
 | William Ruger - Arithmetic - 1836 - 274 pages
...due. If the payment be less than the interest, the surplus of interest must not be taken to angmeat the principal, but interest continues on the former...interest is to be computed on the balance of principal as aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) ITiis Rule is founded on the following principles... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...compiled 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 princ:;"-,'. inrt interest is to be computed on the balance of principal as... | |
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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... 
