 | Emerson Elbridge White - Arithmetic (Commercial), 1861 - 1861 - 348 pages
...on 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 principal...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,... | |
 | James Bates Thomson - Arithmetic - 1862 - 436 pages
...balance of principal remaining due. III., " If the payment be less than the interest, the surplus nj interest must not be taken to augment the principal...then the surplus is to be applied towards discharging tJie principal ; and interest it to.lie computed on the balance as aforesaid." Jfnte. — The above... | |
 | James Bates Thomson - Arithmetic - 1862 - 428 pages
...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;...together, exceed the interest due, and then the surplus w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 pages
...on 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 principal,...principal; and interest is to be computed on the balance. Chancery, 1814, State of Connecticut t>. Jackson, 1 John*. Ch., 13. But compare Stoughton «. Lynch,... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 808 pages
...on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal;...discharging the principal, and interest is to be computed ou the balance. Chancery, 1814, State of Connecticut B. Jackson, 1 John*. Ch., 18; 1822, Van Benschooten... | |
 | Alonzo Christopher Paige - Equity - 1864 - 828 pages
...due. If the payment be less than the interest, the surplus interest must not be taken to augment tha principal ; but interest continues on the former principal...the payments taken together exceed the interest due, an 1 then the surplus is to be applied toward discharging the principal ; and interest u to be computed... | |
 | George Roberts Perkins - Arithmetic - 1865 - 360 pages
...remaining due. If the payment be less than the interest, the surplus of interest must not be takcn to augment the principal ; but interest continues...exceed the interest due, and then the surplus is to bt applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid."... | |
 | Law - 1865 - 358 pages
...due. If the payments be less than the interest, the surplus of interest must not be taken to argument the principal ; but interest continues on the former...exceed the interest due, and then the surplus is to beapplied towards discharging the principal, and interest is to be computed on the balance of principal... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal...principal, and interest is to be computed on the balance. Compound interest, or interest calculated upon unpaid interest, is not in general collectable, unless... | |
 | 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...principal ; and interest is to be computed on the balance of the principal as aforesaid." This rule is extracted from the opinion of Chancellor KENT, in The... | |
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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... 
