English dictionary, thesaurus, translations & etymology
FreeDict.com

compound interest

The origin and history of compound interest.

Etymology

From compound, meaning combined or added together, plus interest, the charge or payment for the use of money; so named because each period's interest is added to the sum on which the next period's interest is worked out.

Origin: English

← Back to the full definition of compound interest
Etymology from FreeDict original editorial, CC BY-SA.