 | John Preston - Arithmetic - 1834 - 312 pages
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...principal; and interest is to be computed on the balance of principal as aforesaid." The State of Connecticut v. Jackson, 1 Johns. Ch. R. 13. The rule of computing... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...subsequent interest is to be compiled on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...interest due ; and then the surplus is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as... | |
 | George Willson - Arithmetic - 1836 - 202 pages
...subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...the principal; but interest continues on the former mncipal, until the period when the payments taken together t xceed the interest due, and then the surplus... | |
 | William Ruger - Arithmetic - 1836 - 274 pages
...subsequent interest is to be 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 angmeat the principal, but interest continues on the former principal until the period when the payments,... | |
 | Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...principal remaining due. If the payment be lesa than the Int., the surplus of interest must not be taken ti augment the principal, but interest continues on the...principal ; and interest is to be computed on the balance of principal as aforesaid/i — Johnsonis Chancery Reforts, Vol. I, page 17. 1. Suppose you have a... | |
 | William Johnson - Law reports, digests, etc - 1837 - 678 pages
...less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...exceed the interest due, and then the surplus is to l>e applied towards discharging the principal, and the interest afterwards com283 285 puled on the... | |
 | George Willson - Arithmetic - 1838 - 194 pages
...subsequent interest is to be computed fin 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 p.-inc:pal ; but interest continues on the former principal, until the period when the payments taken... | |
 | George Willson - Arithmetic - 1838 - 194 pages
...subsequent interest is to be 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 zugmcnt the principal; but interest continues on the former irincipnl, until the period when the payments... | |
 | Esek Cowen - Justices of the peace - 1841 - 698 pages
...§9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2 John. 235. 17 id.511. (j) 3 Cowen, 86, 87.(note.) less than the interest, the surplus of interest must...principal ; and interest is to be computed on the balance of the principal as aforesaid.' 1 John. Ch. R. 17, 18. 2 id. 209, SP(t) The same rule prevails in Massachusetts,... | |
| |
... apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining... 
