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Simple English definitions for legal terms

add-on interest

Read a random definition: mail box rule

A quick definition of add-on interest:

Add-on interest is a type of interest that is added to a loan upfront, meaning it is calculated and added to the total amount borrowed at the beginning of the loan. This means that the borrower will pay interest on the entire loan amount, including the interest that has already been added. It is important to understand the terms of a loan and the type of interest being charged to make informed financial decisions.

An address is the place where mail or other communication is sent. It is important to have a correct address so that mail and packages can be delivered to the intended recipient. In some states, an address can also refer to a formal request made by a legislature to the executive to do a particular thing, such as removing a judge from office. In equity practice, an address can refer to the part of a bill in which the court is identified.

A more thorough explanation:

Definition: Add-on interest refers to the interest that is calculated and added to the principal amount of a loan at the beginning of the loan term. This means that the borrower pays interest on the entire loan amount, including the interest that has already been added.

Let's say you take out a $10,000 loan with a 10% add-on interest rate for a term of 2 years. The interest that will be added to the principal amount at the beginning of the loan term will be $2,000 (10% of $10,000). This means that the total amount you will have to repay at the end of the loan term will be $12,000 ($10,000 principal + $2,000 interest).

Another example would be a credit card that charges add-on interest. If you have a credit card with a $1,000 limit and a 20% add-on interest rate, the interest that will be added to your balance at the beginning of the billing cycle will be $200 (20% of $1,000). This means that if you don't pay off your balance in full, you will be charged interest on the entire balance, including the interest that has already been added.

These examples illustrate how add-on interest works and how it can increase the total amount you have to repay on a loan or credit card balance.

addone | address to the Crown

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22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
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