'Compound interest' definitions:

Definition of 'compound interest'

From: WordNet
noun
Interest calculated on both the principal and the accrued interest

Definition of 'Compound interest'

From: GCIDE
  • Interest \In"ter*est\, n. [OF. interest, F. int['e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See Essence.] [1913 Webster]
  • 1. Excitement of feeling, whether pleasant or painful, accompanying special attention to some object; concern; a desire to learn more about a topic or engage often in an activity. [1913 Webster +PJC]
  • Note: Interest expresses mental excitement of various kinds and degrees. It may be intellectual, or sympathetic and emotional, or merely personal; as, an interest in philosophical research; an interest in human suffering; the interest which an avaricious man takes in money getting. [1913 Webster]
  • So much interest have I in thy sorrow. --Shak. [1913 Webster]
  • 2. (Finance, Commerce) Participation in advantage, profit, and responsibility; share; portion; part; as, an interest in a brewery; he has parted with his interest in the stocks. [1913 Webster]
  • 3. Advantage, personal or general; good, regarded as a selfish benefit; profit; benefit. [1913 Webster]
  • Divisions hinder the common interest and public good. --Sir W. Temple. [1913 Webster]
  • When interest calls of all her sneaking train. --Pope. [1913 Webster]
  • 4. (Finance) A fee paid for the use of money; a fee paid for a loan; -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars. [1913 Webster]
  • They have told their money, and let out Their coin upon large interest. --Shak. [1913 Webster]
  • 5. Any excess of advantage over and above an exact equivalent for what is given or rendered. [1913 Webster]
  • You shall have your desires with interest. --Shak. [1913 Webster]
  • 6. The persons interested in any particular business or measure, taken collectively; as, the iron interest; the cotton interest. [1913 Webster]
  • Compound interest, interest, not only on the original principal, but also on unpaid interest from the time it fell due.
  • Simple interest, interest on the principal sum without interest on overdue interest. [1913 Webster]

Definition of 'Compound interest'

From: GCIDE
  • Compound \Com"pound\, a. [OE. compouned, p. p. of compounen. See Compound, v. t.] Composed of two or more elements, ingredients, parts; produced by the union of several ingredients, parts, or things; composite; as, a compound word. [1913 Webster]
  • Compound substances are made up of two or more simple substances. --I. Watts. [1913 Webster]
  • Compound addition, subtraction, multiplication, division (Arith.), the addition, subtraction, etc., of compound numbers.
  • Compound crystal (Crystallog.), a twin crystal, or one seeming to be made up of two or more crystals combined according to regular laws of composition.
  • Compound engine (Mech.), a form of steam engine in which the steam that has been used in a high-pressure cylinder is made to do further service in a larger low-pressure cylinder, sometimes in several larger cylinders, successively.
  • Compound ether. (Chem.) See under Ether.
  • Compound flower (Bot.), a flower head resembling a single flower, but really composed of several florets inclosed in a common calyxlike involucre, as the sunflower or dandelion.
  • Compound fraction. (Math.) See Fraction.
  • Compound fracture. See Fracture.
  • Compound householder, a householder who compounds or arranges with his landlord that his rates shall be included in his rents. [Eng.]
  • Compound interest. See Interest.
  • Compound larceny. (Law) See Larceny.
  • Compound leaf (Bot.), a leaf having two or more separate blades or leaflets on a common leafstalk.
  • Compound microscope. See Microscope.
  • Compound motion. See Motion.
  • Compound number (Math.), one constructed according to a varying scale of denomination; as, 3 cwt., 1 qr., 5 lb.; -- called also denominate number.
  • Compound pier (Arch.), a clustered column.
  • Compound quantity (Alg.), a quantity composed of two or more simple quantities or terms, connected by the sign + (plus) or - (minus). Thus, a + b - c, and bb - b, are compound quantities.
  • Compound radical. (Chem.) See Radical.
  • Compound ratio (Math.), the product of two or more ratios; thus ab:cd is a ratio compounded of the simple ratios a:c and b:d.
  • Compound rest (Mech.), the tool carriage of an engine lathe.
  • Compound screw (Mech.), a screw having on the same axis two or more screws with different pitch (a differential screw), or running in different directions (a right and left screw).
  • Compound time (Mus.), that in which two or more simple measures are combined in one; as, 6-8 time is the joining of two measures of 3-8 time.
  • Compound word, a word composed of two or more words; specifically, two or more words joined together by a hyphen. [1913 Webster]