 | Benjamin Vaughan Abbott, Austin Abbott - Law reports, digests, etc - 1864 - 790 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. 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
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...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
...subsequent interest is to be computed on the balance of principal remaining 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 principal until the period when the payments,... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1866 - 758 pages
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...principal, and interest is to be computed on the balance. Compound interest, or interest calculated upon unpaid interest, is not in general collectable, unless... | |
 | John Groesbeck - Arithmetic - 1867 - 226 pages
...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must...principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery Rep., vol. ip 17. Or, 99. -Apply whatever... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must...principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent, Johnson's Chancery Rep., vol. ip 17. Or, 189. Apply whatever... | |
 | Horatio Nelson Robinson - Arithmetic - 1868 - 468 pages
...the interest the surplus of interest must not be taken to augment the principal, but the mte* rest continues on the former principal until the period...be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent, This... | |
 | Joseph Ray - Arithmetic - 1857 - 358 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 together, exceed the Int. due, and 'then the surplus is to be applied toward discharging the principal; and Int. is to be... | |
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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... 
