 | George Roberts Perkins - Arithmetic - 1869 - 358 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bt taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest ts to be computed on -the balance, as aforesaid." The above rule has been adopted by New York, Mass*... | |
 | Charles W. Langdon - Constables - 1870 - 858 pages
...balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but interest...payments, taken together, exceed the interest due. But where an account has been stated by the plaintiff, charging interest both on the debt and the payments,... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...balance of principal remaining due. If the payment be LESS than tiie interest, the surplus of interest must not be taken to augment the principal, but interest...the period when the payments, taken together, exceed tiie interest due, and t)ien the surplus is to be applied toward discharging the principal, and Hie... | |
 | John Groesbeck - Business mathematics - 1871 - 370 pages
...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 ; but interest...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 payments... | |
 | John Innes Clark Hare - Civil procedure - 1871 - 952 pages
...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 ; but interest,...principal ; and interest is to be computed on the balance of principal, as aforesaid. "(1) Where the payment is made on a debt on which interest is *accruing,... | |
 | Calvin Townsend - Commercial law - 1871 - 620 pages
...balance of principal remaining due. 3. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...principal, and interest is to be computed on the balance of the principal, as aforesaid.4 The same rules prevail in the State of Massachusetts.5 The courts... | |
 | John Groesbeck - 1872 - 374 pages
...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 ; but interest...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 payments... | |
 | Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until 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."... | |
 | William Johnson - Equity - 1873 - 550 pages
...due. If the payment be less than the interest, the surplus of interest must not be *taken [ * 18 ] to augment the principal ; but interest continues...interest is to be computed on the balance, as aforesaid. 1814. Let the master, therefore, take back the repo;t, and cor^^-^^-^_^ rect the calculation, (a) lUiGur... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 348 pages
...interest, tlte surplus of interest must not be taken to augment the principal, but interest co)itinues on the former principal until the period when 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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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... 
