 | James Bates Thomson - 1847 - 432 σελίδες
...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; but interest...applied towards discharging the principal ; and interest il to be computed on tlie. balance as aforesaid." Note. — The above rule is adopted by New York,... | |
 | William Vogdes - 1847 - 324 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. when the payments, taken together, exceed the interest...interest is to be computed on the balance as aforesaid. EXAMPLES. Philadelphia, November 1, 1841. 1. For value received, I promise to pay to Peter Haines,... | |
 | Florida. Supreme Court - 1848 - 786 σελίδες
...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 ; but interest...principal, and interest is to be computed on the balance of principal as aforesaid;" and this rule is sustained by Penrose vs. Hart, 1 Dall., 378. Light foot... | |
 | James Bates Thomson - 1848 - 434 σελίδες
...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 ; but interest...due, and then the surplus is to be applied towards discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note. —... | |
 | George Roberts Perkins - 1849 - 346 σελίδες
...balance of principal remaining due. If the payment le less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* From a Latin phrase, in dorso, meaning " upon the... | |
 | Thomas Rainey - 1849 - 334 σελίδες
...the principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...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." A.... | |
 | George Roberts Perkins - 1849 - 356 σελίδες
...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; but interest...until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal... | |
 | Thomas Rainey - 1849 - 320 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,...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." A.... | |
 | Benjamin Naylor - 1850 - 334 σελίδες
...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, but interest...interest is to be computed on the balance as aforesaid. 1. $300. Philadelphia, May 1, 1842. For value received, I promise to pay James Thornton, or order,... | |
 | George Roberts Perkins - 1850 - 364 σελίδες
...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 ; but interest...interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* From a Latin phrase, in darso, meaning " upon the... | |
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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... 
