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... Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
| Dominick T. Blake - Court rules - 1818 - 706 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...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.... | |
| Nicolas Pike - Arithmetic - 1822 - 538 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...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 albresaid."... | |
| 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... | |
| 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 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
...be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus **interest. must not be taken to augment the principal,...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
...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...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
...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...to be applied toward discharging the principal, and** interest is to be computed on the balance of principal as aforesaid." The following Rule was established... | |
| 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...be applied toward discharging the principal ; and** interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports,... | |
| 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...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."... | |
| John Preston - Arithmetic - 1834 - 297 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** towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid."... | |
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