 | Dominick T. Blake - 1818 - 706 pages
...remaining due, to the next payment. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...principal ; and interest is to be computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their... | |
 | Nicolas Pike - 1822 - 536 pages
...balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest...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... | |
 | Nicolas Pike - 1832 - 538 pages
...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... | |
 | Nicolas Pike - 1822 - 562 pages
...balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest...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... | |
 | New York (State). Court of Chancery, William Johnson - 1824 - 748 pages
...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... | |
 | Murray Hoffman - 1824 - 472 pages
...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... | |
 | William Ruger - 1832 - 282 pages
...balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not be taken to augment the principal, but Interest...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... | |
 | Nicolas Pike - 1832 - 540 pages
...balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...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."... | |
 | Lyman Cobb - 1832 - 228 pages
...balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...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."... | |
 | Nicolas Pike - 1832 - 544 pages
...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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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... 
