 | Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...remaining due. " If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." Interest is generally considered as payable annually,... | |
 | Daniel Leach - 1857 - 314 pages
...of principal remaining due. ] \ " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues...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
...principal remaining. If the payment be less than the interest, the surplus of interest must not be Valenti ! 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
...remaining due." III. "If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal, but interest continues...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
...remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...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... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...interest, the surplus of interest must not be taken to augment the principal, but interest continues upon the former principal until the period when the payments,...applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." This rule is adopted in Dean v. Williams, 17 Mass.... | |
 | James De Fremery - Mortgages - 1860 - 118 pages
...remaining unpaid. If the payment be less than the interest due, the surplus of interest must not be taken to augment the principal, but interest continues...payments, taken together, exceed the interest due. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of... | |
 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...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...until the period when the payments taken together equal or exceed the interest due, and then the surplus is to be applied toward discharging the principal,... | |
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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... 
