 | Dominick T. Blake - Civil procedure - 1818 - 706 pages
...compute interest upon the balance of principal remaining due, to the next payment. If the payment be less than the interest, the surplus of interest must...principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their... | |
 | Nicolas Pike - Arithmetic - 1822 - 536 pages
...computed on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal...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... | |
 | Nicolas Pike - Arithmetic - 1822 - 562 pages
...interest is to be computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken...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... | |
 | Nicolas Pike - Arithmetic - 1832 - 538 pages
...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...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due.... | |
 | 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
...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...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... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...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...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."... | |
 | Nicolas Pike - Arithmetic - 1832 - 540 pages
...subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...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."... | |
 | Nicolas Pike - Arithmetic - 1832 - 544 pages
...principal remaining due. If the payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on...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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... apply the payment, in the first place, to the discharge of the interest then due. 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... 
