 | Nathan Dane - 1829 - 982 σελίδες
...method is correct, whenever the payment exceeds the amount of interest due at the time of payment; but is not to be used when the interest exceeds the payment,...compound interest, which the law does not allow.' In fact, the plain rule is to avoid usury, never to compute interest so as to increase the principal... | |
 | William Ruger - 1832 - 282 σελίδες
...principal; but interest is never allowed to form a part of the principal, so as to carry interest, for the effect in such case would be to give Compound Interest, which the law does not allow. 2. Where the interest exceeds the payment, interest is continued on the same principal, till the amount... | |
 | Jacob D. Wheeler - 1835 - 618 σελίδες
...method is correct, whenever the payment exceeds the amount of interest due at the time of payment ; but is not to be used, when the interest exceeds the payment ; for the effect in such case would be to-give compound interest, which the law does not allow. To avoiJ this the following rule has been... | |
 | William Ruger - 1841 - 268 σελίδες
...principal ; but interest is -never allowed to form a part of the principal, so as to carry interest; for the effect in such case -would be to give Compound Interest, which the law does not allow. 2. Where the interest exceeds the payment, interest is continued on the same principal, till the amount... | |
 | George Nixon Comer - 1846 - 122 σελίδες
...entire. It is taken from• the Mass. Reports, vol. 17, page 417, DEAN vs. WILLIAMS. By the Court.—One of the methods of casting interest where partial payments...keep down the interest; but the interest is never allowed to form a part of the principal, so as to carry interest. In casting interest upon Bonds, Notes,... | |
 | Isaac Ridler Butts - 1849 - 118 σελίδες
...interest ; but the interest is never allowed to form a part of the principal, so as to carry interest, for the effect in such case would be to give compound...To avoid this, the following rule has been adopted : — Compute the interest on the principal sum, from the time when the interest commenced to the first... | |
 | Isaac Ridler Butts - 1852 - 596 σελίδες
...interest ; but the interest is never allowed to form a part of the principal, so as to carry interest, for the effect in such case would be to give compound...avoid this, the following rule has been adopted by the United States Courts, and most of the State Courts : — Compute the interest on the principal... | |
 | George Nixon Comer - 1859 - 124 σελίδες
...interest is cast to the time of the second endorsement, which is added to the remainder, and frorn the sum is subtracted the second endorsement. In like...keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest. Compute the interest on the principal... | |
 | Massachusetts. Supreme Judicial Court - 1864 - 580 σελίδες
...method is correct, whenever the payment exceeds the amount of interest due at the time of payment ; but is not to be used when the interest exceeds the payment...keep down the interest ; * but the interest is never allowed to form a part [ * 418 ] of the principal, so as to carry interest. Compute the interest on... | |
 | George Nixon Comer - 1873 - 182 σελίδες
...correct, whenever the payment exceeds the amount of interest due at the time of payment ; bnt it is uot to be used when the interest exceeds the payment ;...has been adopted, by which every payment is first applicd to keep down the interest ; bnt the interest is never allowed to form a part of the principal... | |
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... is not to be used when the interest exceeds the payment ; for the effect, in such case, would be to give compound interest, which the law does not allow. To avoid this, the following rule has been adopted, by which every payment is first applied to... 