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Simple English definitions for legal terms

add-on interest

Read a random definition: coupon note

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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20:07
I am semi proficient in spanish.
20:08
nice same. This sounds bad but I do not like how spanish sounds.
20:09
or english for that matter
20:09
There is nothing wrong with that. I like all the languages. It is tones that annoy me.
20:10
and fabrics
20:14
@GalenMeric: Sorry, tones is what I meant. Are you a wool fabric fan?
20:40
I think my only wool piece is my suits, and I like those quite a bit.
21:11
Wool is the best fabric
21:12
I only buy wool, denim, leather, and loop wheel cotton
21:31
@NemoPropheta: Im on that polyester, nylon, spandex, rayon, and fleece grind fam
21:32
jk but fr: I was watching how to fold dress shirts so they do not wrinkle, and the dude did his folding on a wool blanket so that the wool fibers grabbed the cotton shirt (like velcro), that is smart asf
21:32
That is smart
21:33
I want a weatherwool blanket
21:33
But I hang my shirts but Ive heard arguments against it
21:34
Generally I fold knitwear and hang everything else
21:35
Cant wait to get that big law money and spend it all on clothes 🙏
21:37
@NemoPropheta: his point was to protect the collar at all costs, therefore fold most shirts. I HATE when collars be acting out, so I will adpot his method: https://www.youtube.com/shorts/QaVKudd36zc?feature=share
21:38
oh fr wearin a suit is so fun t. someone who wears a suit seldomly
21:40
Yeah that makes sense, I do hate when my collar stick out at the sides, I cant figure out how to iron them so they maintain their shape
21:48
collar stays may be the answer. also, shirt stays are goated
21:50
@NemoPropheta: those look so nice, but i feel like one spec of dirt or one crease will ruin ur week, even if the money means nothing?
23:18
Idk I like worm i
23:19
bruh
23:19
I like worn in leather, and dirt is easy enough to clean off*
OrangeThing
23:27
Am I still muted on here
OrangeThing
23:27
Oh I guess not
OrangeThing
23:27
Hello all
f$ll to MarqU baby
Ur-
0:34
@OrangeThing: Welcome back Renard99
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