Credit Card Glossary: Terms and Definitions
An add-on rate is a way to calculate interest. The final amount of interest on the principal loan amount is determined ahead of time and added on to the original amount. If paying in installments, the sum of the total interest plus the original amount is divided into even installments.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.