 | John Groesbeck - Arithmetic - 1867 - 226 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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent,... | |
 | John Groesbeck - Arithmetic - 1868 - 350 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;...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent,... | |
 | 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
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus interest must not be taken to augment the principal...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of the principal as aforesaid." This... | |
 | Horatio Nelson Robinson - Arithmetic - 1868 - 468 pages
...the interest the surplus of interest must not be taken to augment the principal, but the mte* rest continues on the former principal until the period...then the surplus is to be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor... | |
 | 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... | |
 | George Roberts Perkins - Arithmetic - 1869 - 358 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bt taken to augment the principal ; but interest continues...then the surplus is to be applied towards discharging the principal ; and interest ts to be computed on -the balance, as aforesaid." The above rule has been... | |
 | Charles W. Langdon - Constables - 1870 - 858 pages
...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,...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
...on the balance of principal remaining due. If the payment be LESS than tiie interest, the surplus of interest must not be taken to augment the principal,...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 Groesbeck - Business mathematics - 1871 - 370 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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent,... | |
 | Calvin Townsend - Commercial law - 1871 - 620 pages
...the balance of principal remaining due. 3. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance of the principal, as aforesaid.4 The same... | |
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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... 
