compound interest
ˌcompound ˈinterest
noun [uncountable]
interest that is calculated on both the sum of money lent or borrowed and the unpaid interest already earned or charged ⇨ simple interest
ˌcompound ˈinterest
noun [uncountable]interest that is calculated on both the sum of money lent or borrowed and the unpaid interest already earned or charged ⇨ simple interest