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compound interest

noun

Simple Definition of compound interest

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of compound interest

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

1660

First Known Use of compound interest

1660


Law Dictionary

compound interest

  1. see interest 5




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