Compound interest
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest. uncountable, usually
"[…] tens of thousands of other foot passengers have been slipping and sliding since the day broke (if this day ever broke), adding new deposits to the crust upon crust of mud, sticking at those points tenaciously to the pavement, and accumulating at compound interest."
- 2 interest calculated on both the principal and the accrued interest wordnet
Example
More examples"[…] tens of thousands of other foot passengers have been slipping and sliding since the day broke (if this day ever broke), adding new deposits to the crust upon crust of mud, sticking at those points tenaciously to the pavement, and accumulating at compound interest."