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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 - 1865 - 360 σελίδες
...be less than the interest, the surplus of interest must not be takcn to augment the principal ; but interest continues on the former principal until the...exceed the interest due, and then the surplus is to bt applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid."...

Upper Canada Law Journal, Τόμος 1

1865 - 358 σελίδες
...be less than the interest, the surplus of interest must not be taken to argument the principal ; but interest continues on the former principal until the...exceed the interest due, and then the surplus is to beapplied towards discharging the principal, and interest is to be computed on the balance of principal...

Clerks' and Conveyancers' Assistant: A Collection of Forms of Conveyancing ...

Benjamin Vaughan Abbott, Austin Abbott - 1866 - 758 σελίδες
...is 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. Compound interest, or interest calculated upon unpaid interest,...

The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1867 - 226 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. Decision of Chancellor Kent, Johnson's Chancery...

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

Horatio Nelson Robinson - 1868 - 468 σελίδες
...the interest the surplus of interest must not be taken to augment the principal, but the mte* rest continues on the former principal until the period...towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent, This decision has...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 28

Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - 1868 - 622 σελίδες
...payment be less than the interest, the surplus 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 the principal as aforesaid." This rule is extracted from...

The Crittenden Commercial Arithmetic and Business Manual: Designed for the ...

John Groesbeck - 1868 - 350 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. Decision of Chancellor Kent, Johnson's Chancery...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 358 σελίδες
...payment be less than the -Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former principal, until the period when the payments, taken together, exceed the Int. due, and 'then the surplus is to be applied toward discharging the principal; and Int. is to be...

Treatise on the Civil and Criminal Jurisdiction of Justices of the Peace and ...

Charles W. Langdon - 1870 - 858 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...payments, taken together, exceed the interest due. But where an account has been stated by the plaintiff, charging interest both on the debt and the payments,...

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

Emerson Elbridge White - 1870 - 350 σελίδες
...be LESS than tiie 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 tiie interest due, and t)ien the surplus is to be applied toward discharging the principal, and Hie...




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