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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... "
A New and Complete System of Arithmetick: Composed for the Use of the ... - Σελίδα 269
των Nicolas Pike - 1822 - 532 σελίδες
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 706 σελίδες
...taken to augment the principal ; but interest continues on the former principal, until the period when the payments taken together exceed the interest due,...computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their accounts to state an interest...

Reports of Cases Adjudged in the Court of Chancery of New-York ..., Τόμος 7

New York (State). Court of Chancery, William Johnson - 1824 - 748 σελίδες
...added to the principal ; but the interest continues on the former principal, until the period when the payments taken together exceed the interest due....be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1 JCR...

The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 472 σελίδες
...to augment the principal, but the interest continues on the former principal, until the period when the payments taken together exceed the interest due...is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni. C. on exceptions to the report of...

A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 282 σελίδες
...taken to augment the principal, but Interest continues on the former principal until the period when the payments, taken together, exceed the Interest...aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) This Rule is founded on the following principles: 1st. That Interest is due whenever a payment is made,...

Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 σελίδες
...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 is to be applied toward discharging the principal, and interest is to be computed on the balance of principal as aforesaid."...

The North American Arithmetic: Part Third, for Advanced Scholars, Τόμος 3

Frederick Emerson - 1834 - 300 σελίδες
...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal; and interest is to be Computed on the balance, as aforesaid." The interest on the following notes, must be computed by the above legal rule. (116.)...

Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 312 σελίδες
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,...

Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

Indiana. Supreme Court, Isaac Newton Blackford - 1836 - 550 σελίδες
...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...computed on the balance of principal as aforesaid." The State of Connecticut v. Jackson, 1 Johns. Ch. R. 13. The rule of computing interest laid down in...

Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1836 - 228 σελίδες
...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 is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as...

The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - 1837 - 252 σελίδες
...taken ti augment the principal, but interest continues on the former principal until the period when the payments, taken together, exceed the interest...interest is to be computed on the balance of principal as aforesaid/i — Johnsonis Chancery Reforts, Vol. I, page 17. 1. Suppose you have a bond against B....




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