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anatocism

noun
anat·​o·​cism | \ əˈnatəˌsizəm\
plural -s

Definition of anatocism

: compound interest : the taking of compound interest

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First Known Use of anatocism

circa 1656, in the meaning defined above

History and Etymology for anatocism

Latin anatocismus, from Greek anatokismos, from ana- + tokismos usury, from tokizein to lend on interest (from tokos interest, offspring, from tiktein to beget) + -ismos -ism

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The first known use of anatocism was circa 1656

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