ús iolraithe — meaning in English

English meaning

• compound interest noun Interest worked out not only on the original sum of money but also on the interest already added to it, so that the amount grows by a larger cash figure in each successive period.

Senses

ús iolraithe is used for these senses in English:

• compound interest (banking, finance) Interest, as on a loan or a bank account, that is calculated on the total on the principal plus accumulated unpaid interest.

compound interest — full definition

1. noun Interest worked out not only on the original sum of money but also on the interest already added to it, so that the amount grows by a larger cash figure in each successive period.
2. noun The general effect by which any quantity that grows on its own accumulated total increases at an accelerating pace. Used figuratively outside finance.