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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 Civil Jurisdiction of Justices of the Peace in the State ... - Page 1004
by Esek Cowen - 1841
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 562 lehte
...interest is to be computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken...continues on the former principal until the period whett the payments, taken together, exceed the interest due, and then the surplus is to be applied...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 538 lehte
...Subsequent interest is to be computed on the balance of principal remaining due. 'If the payment be less than the interest, the surplus of interest must...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due....
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., 7. köide

New York (State). Court of Chancery, William Johnson - 1824 - 748 lehte
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1 JCR...
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 472 lehte
...IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest continues on the former principal, until...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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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 lehte
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...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 - 540 lehte
...subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...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 lehte
...principal remaining due. If the payment be less than the imprest, the surplus of interest must not betaken to augment the principal; but interest continues on...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, 3. köide

Frederick Emerson - 1834 - 300 lehte
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...principal; and interest is to be Computed on the balance, as aforesaid." The interest on the following notes, must be computed by the above legal rule. (116.)...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 312 lehte
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,...
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Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1836 - 228 lehte
...subsequent interest is to be compiled on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...interest due ; and then the surplus is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as...
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