Longman Dictionary of Contemporary English homepage

compound interest

 noun
     
Related topics: Finance, Loans
compound interest [uncountable]
BF interest that is calculated on both the sum of money lent or borrowed and on the unpaid interest already earned or charged [↪ simple interest]
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

Dictionary pictures of the day
Do you know what each of these is called?
What is the word for picture 1? What is the word for picture 2? What is the word for picture 3? What is the word for picture 4?
Click on any of the pictures above to find out what it is called.

Explore our topic dictionary

Browse the dictionary