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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... "
Ruling Case Law: As Developed and Established by the Decisions and ... - Σελίδα 106
επεξεργασία από - 1918
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 706 σελίδες
...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...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid....

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 σελίδες
...payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former principal until...interest due. and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as albresaid."...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 538 σελίδες
...interest, the surplus of interest must not be taken to augment the principal ; but interest continues en the former principal until the period when the payments,...together, exceed the interest due. and then the surplus is W be applied towards discharging the principal ; and interest is to be computed on the balance of principal...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 562 σελίδες
...taken to augment the principal; but interest continues on the former principal until the period whett 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 of principal as aforesaid."...

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
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...interest due. and then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal....

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

Murray Hoffman - 1824 - 472 σελίδες
...IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest continues on the former principal, until...interest due ; and then the surplus is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni....

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

Lyman Cobb - 1832 - 228 σελίδες
...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...principal, and interest is to be computed on the balance of principal as aforesaid." The following Rule was established by the Superiour Court of Massachusetts...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 544 σελίδες
...payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on the former principal until...principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...

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

William Ruger - 1832 - 282 σελίδες
...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...Interest due, and then the surplus is to be applied towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid."...

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

John Preston - 1834 - 312 σελίδες
...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...interest due, and then the surplus is to be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid."...




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