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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 Business Man's Encyclopedia: a Hip-pocket Business Counsellor-- ...: 3 ... - Page 263
1905
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 650 pages
...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...principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 pages
...interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments,...principal ; and interest is to be computed on the balance of principal as albresaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 pages
...taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest...principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] Tiiis Rule contains the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 532 pages
...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
...interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until the period when the payments...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 - 437 pages
...the surplus interest. must not be taken to augment the principal, but the interest continues on the former principal, until the period when the payments...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 - 263 pages
...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,...principal; and Interest is to be computed on the balance of principal as aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) This Rule is founded on...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 pages
...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,...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 - 528 pages
...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,...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 - 528 pages
...the payments, taken together, exceed 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." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...
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