 | Dominick T. Blake - 1818 - 706 էջ
...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 continues...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid.... | |
 | Nicolas Pike - 1822 - 536 էջ
...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 continues...interest due. and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal as albresaid."... | |
 | Nicolas Pike - 1832 - 538 էջ
...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 էջ
...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... | |
 | Murray Hoffman - 1824 - 472 էջ
...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...interest due ; and then the surplus is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni.... | |
 | New York (State). Court of Chancery, William Johnson - 1824 - 748 էջ
...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...interest due. and then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal.... | |
 | Nicolas Pike - 1832 - 540 էջ
...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 continues...computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following principles. 1. That... | |
 | Lyman Cobb - 1832 - 228 էջ
...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 continues...computed on the balance of principal as aforesaid." The following Rule was established by the Superiour Court of Massachusetts in 1821. " Compute the interest... | |
 | Nicolas Pike - 1832 - 544 էջ
...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...computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following principles. 1. That... | |
 | William Ruger - 1832 - 282 էջ
...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 continues...Interest due, and then the surplus is to be applied towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid."... | |
| |
If the payment exceeds the interest, the surplus goes towards discharging the principal, and the 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 not... 
