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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... "
An Elementary Arithmetic: Designed for Academies and Schools : Also, Serving ... - Page 161
by George Roberts Perkins - 1846 - 258 pages
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest...principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest continues...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance...due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former...
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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
...the payment, in the first instance, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging...the 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...
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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 - 472 pages
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent...interest is to 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...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...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...
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A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

George Willson - Arithmetic - 1836 - 202 pages
...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...principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...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...balance of principal remaining due. If the payment be lesa than the Int., the surplus of interest must not be taken ti augment the principal, but interest...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - Law reports, digests, etc - 1837 - 678 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus ¡гоез towards discharging the principal ; and the subsequent...principal remaining •due. If the payment be less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest...
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A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - Arithmetic - 1838 - 194 pages
...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...principal, and the subsequent interest is to be computed fin the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1839 - 300 pages
...the payment, in the Jin,t place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging...be less than the interest, the surplus of interest muat not be taken to augment the principal; but interest continues on the former principal until the...
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