 | 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...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid.... | |
 | 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...interest due ; and then the surplus is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni.... | |
 | 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...interest due. and then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal.... | |
 | 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...computed on the balance of principal as aforesaid." The following Rule was established by the Superiour Court of Massachusetts in 1821. " Compute the interest... | |
 | 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...Interest due, and then the surplus is to be applied towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid."... | |
 | 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 due, and then the surplus is to be applied towards discharging the principal; and interest is to be Computed on the balance, as aforesaid." The... | |
 | John Preston - Arithmetic - 1834 - 312 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 towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid."... | |
 | Lyman Cobb - Arithmetic - 1836 - 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...the surplus is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as aforesaid." The following... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 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 due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance of principal as aforesaid."... | |
 | 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 due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid."... | |
| |
If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... 
