compound interest
NounOpen English WordNet
Noun (1)
- interest calculated on both the principal and the accrued interestType of interest
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Webster's Dictionary (1913)
Compound interest
. See Interest.
From the entry Compound.
Compound interest
interest, not only on the original principal, but also on unpaid interest from the time it fell due.
From the entry Interest.
Webster’s Revised Unabridged Dictionary (1913), from GCIDE 0.54