 | Dominick T. Blake - 1818 - 706 sider
...the principal, and compute interest upon the balance of principal remaining due, to the next payment. If the payment be less than the interest, the surplus...computed on the balance of principal as aforesaid. (A) Whether the practice prevailing. among merchants, in settling their accounts to state an interest... | |
 | Nicolas Pike - 1822 - 536 sider
...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...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 principles.... | |
 | Nicolas Pike - 1822 - 562 sider
...taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest...aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] Tiiis Rule contains the following principles. 1. That Interest is due at any time when a payment is... | |
 | Nicolas Pike - 1832 - 538 sider
...until the period when the payments, taken together, exceed the interest due. and then the surplus is W be applied towards discharging the principal ; and...[.Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following principles. 1. That Interest is due al any time when a payment is made, if the... | |
 | New York (State). Court of Chancery, William Johnson - 1824 - 748 sider
...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... | |
 | Nicolas Pike - 1832 - 544 sider
...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...[Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following principles. 1. That Interest is due at any time when a payment is made, if the... | |
 | Lyman Cobb - 1832 - 228 sider
...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." The following Rule was established by the Superiour Court of Massachusetts in 1821. " Compute the interest... | |
 | Frederick Emerson - 1834 - 300 sider
...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,...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 - 1834 - 312 sider
...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...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 - 1836 - 550 sider
...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...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... | |
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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 the... 
