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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... "
Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ... - Side 288
av John Preston - 1834 - 297 sider
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 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...
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 437 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...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 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...
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A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - 1836 - 192 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...
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The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - 1837 - 238 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...
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A Digest of the Cases Decided and Reported in the Supreme Court of ..., Volum 2

William Johnson - 1837
...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...
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A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - 1838 - 192 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...
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An Arithmetical Guide: In which the Principles of Numbers are Inductively ...

Richard W. Green - 1840 - 288 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,...
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A Treatise on the Civil Jurisdiction of Justices of the Peace in the ..., Del 2

Esek Cowen - 1841
...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...
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Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - 1841 - 231 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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