Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun Interest computed on the accumulated unpaid interest as well as on the original principal.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun banking, finance Interest, as on a
loan or abank account , that iscalculated on thetotal on theprincipal plusaccumulated unpaid interest.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun interest calculated on both the principal and the accrued interest
Etymologies
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Examples
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kewpid commented on the word compound interest
A jolly good thing to enjoy.
October 11, 2007
jennarenn commented on the word compound interest
I happen to enjoy your use of jolly good. :)
October 12, 2007