- add-on interest loan
- loan in which the sum of its interest is paid at the time of repayment
English contemporary dictionary. 2014.
add-on interest loan
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add-on interest — ➔ interest * * * add on interest UK US noun [U] BANKING ► interest that is added to the principal (= original amount) of a loan. The loan payments are equal to the interest added to the original amount divided by the number of months of the loan … Financial and business terms
Add-On Interest — A method of calculating interest whereby the interest payable is determined at the beginning of a loan and added onto the principal. The sum of the interest and principal is the amount repayable upon maturity. For example, let s say Bank A… … Investment dictionary
interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… … Financial and business terms
Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… … Financial and business terms
Interest — For other uses, see Interest (disambiguation). Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money,[1] or money earned… … Wikipedia
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
interest — I n. concern curiosity 1) to arouse, generate, pique, stir up; revive interest (in) 2) to hold smb. s interest 3) to demonstrate, display, evince, manifest, show interest 4) to express; take an interest in (she took a keen interest in the… … Combinatory dictionary
interest — {{Roman}}I.{{/Roman}} noun 1 desire to learn/hear more about sb/sth ADJECTIVE ▪ avid, close, considerable, consuming, deep, great, intense, keen, lively … Collocations dictionary
