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Definition of Compound interest
1. Noun. Interest calculated on both the principal and the accrued interest.
Definition of Compound interest
1. Noun. (banking finance) Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Compound Interest
Literary usage of Compound interest
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Scholar's Arithmetic, Or, Federal Accountant ...: The Whole in a Form by Daniel Adams (1833)
"Subtract tbe principal from the amount and it will shew the compound interest.
Z. When there are months and days ; first find the amount of principal and ..."
2. Algebra: An Elementary Text-book, for the Higher Classes of Secondary by George Chrystal (1904)
"Let P denote the principal, A the accumulated value of P, that is, the principal
together with the compound interest, in n periods; r the interest on £1 for ..."
3. The Works of Jeremy Bentham by Jeremy Bentham, John Bowring (1839)
"compound interest. A «OHO or two I must trouble you with, concerning compound
interest ; for compound interest is discountenanced by the law — I suppose, ..."
4. Business Law: A Working Manual of Every-day Law by Thomas Conyngton (1920)
"compound interest is not usury. The law does not favor compound interest, ...
compound interest will not be allowed by a court of equity in any transaction ..."
5. Daboll's Schoolmaster's Assistant: Improved and Enlarged, Being a Plain by Nathan Daboll, Samuel Green (1831)
"Subtract the original principal from the last amount, and the remainder will be
tho compound interest for the whole time. EXAMPLES. 1. ..."
6. The Law of Contracts by Theophilus Parsons, John Melville Gould (1904)
"OF compound interest. Contracts for compound interest are sometimes said to be
usurious, but this may not be considered quite certain, (x) We are aware of ..."
7. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1885)
"Some debts carry compound interest. In some States compound interest is not
allowed, but simple interest on accrued interest only is allowed. ..."
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