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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... "
Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ... - Σελίδα 263
των James Bates Thomson - 1862 - 422 σελίδες
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American Leading Cases: Being Select Decisions of American Courts ..., Τόμος 1

John Innes Clark Hare - 1871 - 952 σελίδες
...on the 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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid. "(1) Where...

Crittenden Commercial Arithmetic ...

John Groesbeck - 1872 - 374 σελίδες
...the balance 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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. Decision of Chancellor Kent,...

Common School Arithmetic on the Analytic System: With an Appendix of the ...

Shelton Palmer Sanford - 1872 - 404 σελίδες
...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."...

Reports of Cases Adjudged in the Court of Chancery of New-York, Τόμοι 1-7

William Johnson - 1873 - 550 σελίδες
...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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid. 1814. Let the master,...

A Complete Arithmetic: Uniting Mental and Written Exercises in a Natural ...

Emerson Elbridge White - 1870 - 348 σελίδες
...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....

The Principles of Arithmetic ...

Joseph Ray - 1856 - 400 σελίδες
...bqlance of principal remaining due. *' "If the payment be LESJS tJxtn the interest, the surplus' of interest must not be taken to augment the principal...principal, until the period when the payments taken toy&lher exceed the interest due, and then the surplus ~~f. HM RF.vimv. — 325. If a note;'is not...

The American Commercial Arithmetic: For the Use of the Grand Rapids Business ...

T. A. Bryce - 1873 - 370 σελίδες
...the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal,...interest continues on the former principal until the time when the payments, taken together, exceed the interest due, and then the surplus is to be applied...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 468 σελίδες
...the interest the surplus of interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period...then the surplus is to be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 462 σελίδες
...the interest the surplus of interest must not be taken to augment the principal, but the inte-. rest continues on the former principal until the period...exceed the interest due, and then the surplus is to be applicd towards discharging the principal, and the interest is to be computed on the balance as aforesaid."...

Ray's New Practical Arithmetic: A Rev. Ed. of the Practical Arithmetic

Joseph Ray - 1877 - 350 σελίδες
...the 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,...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance, as aforesaid." —...




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