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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 Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ... - Page 312
by Horatio Nelson Robinson - 1860 - 456 pages
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - Court rules - 1818 - 708 pages
...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...be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing....
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 540 pages
...be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the...be applied towards discharging the principal ; and interest is to be computed on the balance of principal as albresaid." [Johnson's Chancery Reports,...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 560 pages
...taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports,...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 532 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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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - Equity pleading and procedure - 1824 - 474 pages
...balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest...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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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
...remaining due. If the payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the...towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1 JCR 13. SP Stoughton...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger (A.B.) - Arithmetic - 1832 - 288 pages
...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...be applied towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid." (Johnson's Chancery Reports,...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...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...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
...payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on the former principal until 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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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1834 - 300 pages
...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...be applied towards discharging the principal; and interest is to be Computed on the balance, as aforesaid." The interest on the following notes, must...
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