 | Nicolas Pike - 1822 - 562 sider
...disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest...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... | |
 | Murray Hoffman - 1824 - 472 sider
...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... | |
 | Nicolas Pike - 1832 - 544 sider
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...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... | |
 | George Willson - 1836 - 202 sider
...Kent, of the state of New-York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the discharge...principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of... | |
 | Peirpont Edward Bates Botham - 1837 - 252 sider
...New York: RULE : — " The Rule for casting Interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge...balance of principal remaining due. If the payment be lesa than the Int., the surplus of interest must not be taken ti augment the principal, but interest... | |
 | William Johnson - 1837 - 678 sider
...the discharge of the interest then due. If the payment exceeds the interest, the surplus ¡гоез towards discharging the principal ; and the subsequent...principal remaining •due. If the payment be less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest... | |
 | George Willson - 1838 - 194 sider
...Kent, of the state of New- York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the discharge...principal, and the subsequent interest is to be computed fin the balance of principal remaining due. If the payment be less than the interest, the surplus of... | |
 | Richard W. Green - 1840 - 300 sider
...adopted by Chancellor Kent, of New York. It is as follows : RULE For casting interest, when partial payments have been made. Apply the payment, in the...computed on the balance of principal remaining due. But, if the payment be less than the interest, the interest must continue on the former principal,... | |
 | Esek Cowen - 1841 - 698 sider
...same words. ' The rule' (says he) ' for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge...balance of principal remaining due. If the payment be (o) 7 Wen. 109,112. 11 id. 477. 20 (r) 1 RS 761, §9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2... | |
 | W. F. Walker - 1841 - 246 sider
...Kent, of the state of New- York. According to this decision, the method of casting interest is, to "apply the payment in the first place to the discharge...principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than the interest, the surplus of interest... | |
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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... 
