 | James Robinson - Accounting - 1856 - 108 pages
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...be applied towards discharging the principal; and the interest is to be computed on the balance, as aforesaid." ' • $1250.00 BOSTON, JAN. 1..1855.... | |
 | Frederick Emerson - Arithmetic - 1834 - 340 pages
...computed on the balance of principal 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 the former principal until 4he period when the payments, taken together, exceed the interest due, and then the surplus is to be... | |
 | Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...balance of principal remaining due. " If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal...principal, and interest is to be computed on the balance as aforesaid." Interest is generally considered as payable annually, unless a different understanding... | |
 | Daniel Leach - 1857 - 314 pages
...the balance of principal remaining due. ] \ " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...exceed the interest due, and then the surplus is to be dpplied towards discharging the principal, and interest is to be computed on the^alance, as aforesaid."... | |
 | William H. R. Wood - Law - 1857 - 834 pages
...computed on the balance of the principal remaining. If the payment be less than the interest, the surplus a Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest... | |
 | Joseph Ray - Arithmetic - 1857 - 348 pages
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former principal, until the period when the payments, taken it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;... | |
 | Silas Lawrence Loomis - Arithmetic - 1859 - 324 pages
...of the principal remaining due." III. "If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal,...be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Chancellor Kent. 291. This may be... | |
 | James Bates Thomson - Arithmetic - 1860 - 440 pages
...the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...towards .discharging the principal ; and interest it to be computed on the balance as aforesaid." Note. — The above rule is adopted by New Ynrk, MnssacJiiisetb,... | |
 | Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...less than the interest the surplus of the interest must be taken to augment the principal, but the interest continues on the former principal until the...be applied towards discharging the principal, and the . interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent. This... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal,...the payments taken together exceed the interest due. Where an account has been stated by plaintiff, charging interest on both the debt and payments, and... | |
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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... 
