 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...is 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...be applied towards discharging the principal, and interest is to be computed on the balance. Compound interest, or interest calculated upon unpaid interest,... | |
 | John Groesbeck - Arithmetic - 1867 - 226 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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery... | |
 | John Groesbeck - Arithmetic - 1868 - 350 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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1868 - 622 pages
...payment be less than the interest, the surplus interest must not be taken to augment the principal ; but interest continues on the former principal until the...be applied towards discharging the principal ; and interest is to be computed on the balance of the principal as aforesaid." This rule is extracted from... | |
 | Joseph Ray - Arithmetic - 1857 - 358 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 together, exceed the Int. due, and 'then the surplus is to be applied toward discharging the principal; and Int. is to be... | |
 | Charles W. Langdon - Constables - 1870 - 858 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...payments, taken together, exceed the interest due. But where an account has been stated by the plaintiff, charging interest both on the debt and the payments,... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...be LESS than tiie 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 tiie interest due, and t)ien the surplus is to be applied toward discharging the principal, and Hie... | |
 | John Innes Clark Hare - Civil procedure - 1871 - 952 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...be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid. "(1) Where the payment is made... | |
 | Calvin Townsend - Commercial law - 1871 - 620 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...be applied towards discharging the principal, and interest is to be computed on the balance of the principal, as aforesaid.4 The same rules prevail in... | |
 | John Groesbeck - Business mathematics - 1871 - 370 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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery... | |
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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... 
