 | Dominick T. Blake - Civil procedure - 1818 - 706 pages
...taken to augment the principal ; but interest continues on the former principal, until the period when the payments taken together exceed the interest due,...computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their accounts to state an interest... | |
 | New York (State). Court of Chancery, William Johnson - Equity - 1824 - 748 pages
...added to the principal ; but the interest continues on the former principal, until the period when the payments taken together exceed the interest due....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 - Equity pleading and procedure - 1824 - 472 pages
...to augment the principal, but the interest continues on the former principal, until the period when the payments taken together exceed the interest due...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 - Arithmetic - 1832 - 282 pages
...taken to augment the principal, but Interest continues on the former principal until the period when the payments, taken together, exceed the Interest...aforesaid." (Johnson's Chancery Reports, Vol. I. page 17.) This Rule is founded on the following principles: 1st. That Interest is due whenever a payment is made,... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...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 is to be applied toward discharging the principal, and interest is to be computed on the balance of principal as aforesaid."... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...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.)... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid." In the settlement of accounts,... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...computed on the balance of principal as aforesaid." The State of Connecticut v. Jackson, 1 Johns. Ch. R. 13. The rule of computing interest laid down in... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...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 is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as... | |
 | Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...taken ti augment the principal, but interest continues on the former principal until the period when the payments, taken together, exceed the interest...interest is to be computed on the balance of principal as aforesaid/i — Johnsonis Chancery Reforts, Vol. I, page 17. 1. Suppose you have a bond against B.... | |
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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... 
