Definition

Add-on method

Add-on method is a procedure for calculating a consumer’s loan rate in which interest is assigned on the full principal of an installment loan.

Share it:  Cite

More from this Section

  • Bond fund
    Bond fund is a mutual fund that emphasizes income—consistent with risk, rather than ...
  • Non qualifying options
    Non qualifying options are employee stock options that are taxable to the employee on ...
  • Office of the Comptroller of the Currency
    Office of the Comptroller of the Currency is the federal government agency, a part of ...
  • Lagging
    Lagging is a strategy that is used by a firm to stall payments, normally in response to ...
  • Negotiable Instrument
    Negotiable Instrument is a negotiable instrument is one which, by the custom of trade, ...