The-definition.com

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

  • Exchange ratio
    Exchange ratio is the number of shares of stock in the acquiring firm that stockholders ...
  • American shares
    American shares securities certificates issued in the US by a transfer agent acting on ...
  • Identity theft endorsement
    Identity theft endorsement is an endorsement to a homeowner’s policy that reimburses ...
  • Causes-of-loss form
    Causes-of-loss form added to commercial property insurance policy that indicates the causes ...
  • Back-end value
    Back-end value is a amount paid to the remaining shareholders in the second stage of a ...