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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... "
Reports of Cases Adjudged in the Court of Chancery of New-York: Containing ... - Σελίδα 144
των New York (State). Court of Chancery, William Johnson - 1824
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1850 - 364 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York,...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 σελίδες
...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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. 1. $300. Philadelphia, May 1, 1842. For value...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1850 - 356 σελίδες
...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, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 356 σελίδες
...be less than the interest, the surplus of interest must not IK; taken to augment the principal; but interest continues on the former principal until the...be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York,...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1851 - 280 σελίδες
...the payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the...be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid" PROVIDENCE, April 12, 1840. 75. For value...

Michigan Reports: Cases Decided in the Supreme Court of Michigan, Τόμος 82

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - 780 σελίδες
...due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." This rule was adopted by this Court in Payne...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 320 σελίδες
...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...payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1853 - 622 σελίδες
...the payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the...be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." $400. PROVIDENCE, April 12, 1840. 75. For...

A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 σελίδες
...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...be applied towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New...




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