COMPOUND INTEREST

IPA (US):

 Dictionary entry overview: What does compound interest mean? 

• COMPOUND INTEREST (noun)
  The noun COMPOUND INTEREST has 1 sense:

1. interest calculated on both the principal and the accrued interest

  Familiarity information: COMPOUND INTEREST used as a noun is very rare.

 Dictionary entry details 

• COMPOUND INTEREST (noun)

Sense 1

Meaning:

Interest calculated on both the principal and the accrued interest

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("compound interest" is a kind of...):

interest (a fixed charge for borrowing money; usually a percentage of the amount borrowed)

 Context examples 

These, it seemed, were calculations of compound interest on what he called “the principal amount of forty-one, ten, eleven and a half”, for various periods.

(David Copperfield, by Charles Dickens)

After a careful consideration of these, and an elaborate estimate of his resources, he had come to the conclusion to select that sum which represented the amount with compound interest to two years, fifteen calendar months, and fourteen days, from that date.

(David Copperfield, by Charles Dickens)