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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... "
A New and Complete System of Arithmetick: Composed for the Use of the ... - Page 269
by Nicolas Pike - 1822 - 532 pages
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The Crittendon Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - Business mathematics - 1871 - 370 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery Rep., vol. ip 1 7. Or, 189. Apply whatever...
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Crittenden Commercial Arithmetic ...

John Groesbeck - 1872 - 374 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson' 'i Chancery Rep., vol. ip 17. Or, 189. Apply whatever...
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Common School Arithmetic on the Analytic System: With an Appendix of the ...

Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...to augment the principal, but the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging tlie principal, and the interest is to be computed on the balance as aforesaid."...
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The American Commercial Arithmetic: For the Use of the Grand Rapids Business ...

T. A. Bryce - Business mathematics - 1873 - 370 pages
...taken to augment the principal, but interest continues on the former principal until the time when the payments, taken together, exceed the interest...is to be applied towards discharging the principal Partial payments, as the term indicates, are the part payments of promissory notes, bonds, or other...
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A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - Arithmetic - 1870 - 348 pages
...taken to augment the principal, but interest co)itinues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid....
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The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1875 - 468 pages
...augment the principal, but the inte-. rest continues on the former principal until the period when the payments, taken together, exceed the interest...be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent. This...
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The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1875 - 462 pages
...augment the principal, but the inte-. rest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applicd towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - Arithmetic - 1877 - 350 pages
...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 is to be applied toward discharging the principal ; and interest is to be computed on the balance, as aforesaid." —...
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The Standard Arithmetic: For Schools of All Grades and for ..., Volume 2

James E. Ryan - Arithmetic - 1877 - 212 pages
...to augment the principal, but the interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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Tiffany's Special Agent's and Adjusters' Assistant: Containing Numerous ...

Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...be taken to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to applied towards discharging the principal, and interest is to be computed on the balance. Discount....
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