 | Nicolas Pike - Arithmetic - 1822 - 562 pages
...disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest...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... | |
 | Nicolas Pike - Arithmetic - 1822 - 536 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the 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... | |
 | New York (State). Court of Chancery, William Johnson - Equity - 1824 - 748 pages
...casting interest, when partial payments have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the...balance of principal remaining due. If the payment be less than the interest, the surplus interest must not be added to the principal ; but the interest... | |
 | Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent...interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment... | |
 | William Ruger - Arithmetic - 1832 - 282 pages
...following Rule is established for the practice qf the Courts in the State of New York : RULE I. — "The Rule for casting Interest, where partial payments...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... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...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... | |
 | Nicolas Pike - Arithmetic - 1832 - 540 pages
...exceeds the interest, the surplus goes toward discharging the principal, and the 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 not be taken to augment the principal ; but interest... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...KENT, and here given in the Chancellor's own words, as follows. " The rule for casting interest, when partial payments have been made, is to apply the payment,...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... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part payments have been made, apply the payment in the first place, to the discharge...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... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...Lynch, 2 Johns. Ch . R. 209. The following is the language of Chancellor Kent on this subject: — "The rule for casting interest, where partial payments...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... | |
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The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and... 
