A striped racer, also known as the California whipsnake, is a species of non-venomous snake native to the coast and foothills of California. It is a long, slender, and fast-moving snake, identified by its distinctive stripes running down the length of its body. They primarily feed on lizards and small rodents. The scientific name for this species is Masticophis lateralis.
Add-On Interest
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Add-on interest is a method of calculating a loans cost by combining principal and interest into a single amount owed. The result is costly to the borrower.
Add-On Interest meaning & definition 1 of Add-On Interest.
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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.
Add-On Interest meaning & definition 2 of Add-On Interest.
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