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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... "
Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ... - Page 139
by Emerson Elbridge White - 1861 - 332 pages
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - Arithmetic - 1857 - 348 pages
...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; and Int. ia to be computed on the balance, as aforesaid.' '-^KENT. CJ 1. 8350. Boston, July 1st, 1845....
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The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...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 towards discharging the principal, and interest is to be computed on the balance as aforesaid." Interest...
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - Arithmetic - 1859 - 324 pages
...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 towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 9

Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...but interest continues upon the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." This...
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The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - Arithmetic - 1860 - 444 pages
...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 towards discharging the principal, and the . interest is to be computed on the balance as aforesaid."...
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Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - Arithmetic - 1860 - 440 pages
...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 towards .discharging the principal ; and interest it to be computed on the balance as aforesaid." Note....
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Reports of Cases Argued and Determined in the Court of ..., Page 10, Volume 2

Alonzo Christopher Paige - Equity - 1864 - 828 pages
...the former principal until the period when 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 on the balance of principal as aforesaid. Connecticut T. Jackson, 1 Johns. Ch. Rep....
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A Digest of New York Statutes and Reports: From the Earliest ..., Volume 1

Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 pages
...the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the 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,...
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A Digest of New York Statutes and Reports: From the Earliest ..., Volume 3

Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 808 pages
...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 towards discharging the principal, and interest is to be computed ou the balance. Chancery, 1814, State...
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Upper Canada Law Journal, Volume 1

Law - 1865 - 358 pages
...the payments, taken together, 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 as aforesaid." The renowned Judge Shaw, of Massachusetts, also declared this to be the...
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