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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... "
A Treatise on the Law of Usury ; to which are Added, the Statutes of the ... - Halaman 228
oleh Jeremiah W. Blydenburgh - 1844 - 322 halaman
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 706 halaman
...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...be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing....
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 halaman
...be less than the interest, the MMplus 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 albresaid." [Johnson's Chancery Reports,...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 562 halaman
...taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports,...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 538 halaman
...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,...together, exceed the interest due. and then the surplus is W be applied towards discharging the principal ; and interest is to be computed on the balance of principal...
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volume 7

New York (State). Court of Chancery, William Johnson - 1824 - 748 halaman
...Thompson v. Berry, 3 JCR395. 24. The rule for casting interest, when partial payments have been made, is to apply the payment, in the first instance, to...balance of principal. State of Connecticut v. Jackson, 1 JCR 13. SP Stoughton v. Lynch, 2 JCR 209. 25. Whether the practice prevailing among merchants, in...
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 472 halaman
...due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest continues on the former...is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni. C. on exceptions to the report of...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 282 halaman
...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." (Johnson's Chancery Reports,...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 halaman
...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...interest due ; and then the surplus is to be applied toward discharging the principal, and interest is to be computed on the balance of principal as aforesaid."...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 544 halaman
...payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on the former principal until the...interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance of principal as aforesaid."...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - 1834 - 300 halaman
...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 interest on the following notes, must...
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