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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... "
The Office and Duties of Masters in Chancery and Practice in the Master's ... - Σελίδα 91
των Murray Hoffman - 1824 - 437 σελίδες
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...less than the interest, the surplus of the interest must not be taken to augment the principal, but interest continues on the former principal until the...is to be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Chancellor Kent. 291. This may...

The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 σελίδες
...principal remaining due. III. '' If the payment be less than the interest the surplus of the interest must be taken to augment the principal, but the interest...is to be applied towards discharging the principal, and the . interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent....

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 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...is to be applied towards .discharging the principal ; and interest it to be computed on the balance as aforesaid." Note. — The above rule is adopted...

Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court - 1860 - 688 σελίδες
...interest, the surplus of interest must not be taken to augment the principal, but interest continues upon the former principal until the period when the payments,...is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." This rule is adopted in Dean v. Williams,...

Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 σελίδες
...less than the interest due, 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. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of...

Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 348 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 toward discharging the principal,...

Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

James Bates Thomson - 1862 - 436 σελίδες
...be less than the interest, the surplus nj interest must not be taken to augment the principal ; but interest continues on the former principal until the...then the surplus is to be applied towards discharging tJie principal ; and interest it to.lie computed on the balance as aforesaid." Jfnte. — The above...

Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

James Bates Thomson - 1862 - 428 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...together, exceed the interest due, and then the surplus w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 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...is to be applied towards discharging the principal, and interest is to be computed ou the balance. Chancery, 1814, State of Connecticut B. Jackson, 1 John*....

Reports of Cases Argued and Determined in the Court of ..., Σελίδα 10,Τόμος 2

Alonzo Christopher Paige - 1864 - 828 σελίδες
...payment be less than the interest, the surplus interest must not be taken to augment tha principal ; but interest continues on the former principal until the...the payments taken together exceed the interest due, an 1 then the surplus is to be applied toward discharging the principal ; and interest u to be computed...




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