Piggybacking


Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
The convincing of a consumer to add more life insurance policies to ones already purchased, often with the promise that they would be paid for with built-up values in their old policies
References in periodicals archive ?
NET, which utilizes credit piggybacking to improve clients' FICO credit scores, was of the opinion that ignoring authorized user accounts in an individual's credit report was illegal -- and Congress, the Attorney General, and the FTC agreed.
Piggybacking is the simple process of using one fusion technician to operate additional fusion machines at the same time.
According to Airy, credit score piggybacking means better credit scores, lower interest rates, easier loan approvals, higher credit limits and better terms for consumers and businesses alike.
Commonly referred to as credit piggybacking, the method has been in practice since the inception of credit cards and became available on a grand scale only within the past year.