compound interest

noun

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


COMPOUND INTEREST Defined for English Language Learners

compound interest

noun

Definition of compound interest for English Language Learners

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


Law Dictionary

compound interest

  1. see interest 5

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