Add-Ons

What are add-ons?

Add-Ons Definition: Add-ons refer to extra services added to a basic-level service, usually for an extra fee. Add-ons for cars could be tinted windows, heated seats, etc. An add-on for an insurance contract could mean that you can access additional customer service, such as rental car service in the event that your car is out of commission.

Business Add-ons: Add-ons are extra or additional shares issued by a public company or a corporation that’s already public. Companies issue these add-ons to pay off debt and fund expansion or developments within the business.

It’s also a way to fund new projects or branch into various markets or new product lines. Add-ons generate more funds from investors as an alternative to applying for a loan or a line of credit to invest in an expansion or new operations. This option is also important for companies needing increased cash flow or to cover current operating expenses, especially after suffering a loss or a slow economic period.

Jul 30 - Comparewise Car Loan Banner

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