Reference Entry

add-on interest rate (USA)

Peter Moles and Nicholas Terry

in The Handbook of International Financial Terms

Published in print January 1997 | ISBN: 9780198294818
Published online January 2005 | e-ISBN: 9780191727245
add-on interest rate (USA)

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A method of calculating interest on amortizing loans, usually used with consumer credit, where the simple interest is calculated on

Reference Entry.  84 words.  Illustrated.

Subjects: Financial Institutions and Services

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