Dictionary

compound interest

noun

finance : interest paid both on the original amount of money and on the interest it has already earned

Full Definition of COMPOUND INTEREST

:  interest computed on the sum of an original principal and accrued interest

First Known Use of COMPOUND INTEREST

1660

Other Economics Terms

actuary, globalization, indemnity, portfolio, rentier, stagflation, usurer

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May 24, 2015
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