interest calculated on both the principal and its accrued interest
Compare simple interest
WordReference Random House Learner's Dictionary of American English © 2025
ˈcom•pound ˈin•ter•est, n. [uncountable]
WordReference Random House Unabridged Dictionary of American English © 2025- Businessinterest paid on both the principal and on previously obtained interest.
com′pound in′terest,
- Businessinterest paid on both the principal and on accrued interest.
- 1650–60
Collins Concise English Dictionary © HarperCollins Publishers::
'compound interest' also found in these entries (note: many are not synonyms or translations):